{smcl}
{com}{sf}{ul off}{txt}{.-}
      name:  {res}<unnamed>
       {txt}log:  {res}C:\Users\mzarit\Documents\RegionalConvergenceKrause&ZaritHVDAnalysis12262015.smcl
  {txt}log type:  {res}smcl
 {txt}opened on:  {res}27 Dec 2015, 00:03:29

{com}. do "C:\Users\mzarit\AppData\Local\Temp\STD0l000000.tmp"
{txt}
{com}. set more off
{txt}
{com}. 
. 
. tsset state_fips year, yearly
{res}{txt}{col 8}panel variable:  {res}state_fips (unbalanced)
{txt}{col 9}time variable:  {res}{col 25}year, 1942 to 2010
{txt}{col 17}delta:  {res}1 year
{txt}
{com}. 
. 
. 
. preserve
{txt}
{com}. 
. *************************************************************************************************************************************************************************************************************************************************************************************************
. ************************************************************************************************************************************************************************************************************************************************************************************************
. ************************************************************************************************************************************************************************************************************************************************************************************************
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. *****************************************************************************************************************************************************************************************************************************************************************************
. ************************************************************************************************************************************************************************************************************************************************************************************************
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. 
. 
. 
. cor klarnerranney hvd if year>1980 & nonsouth==1
{txt}(obs=1,043)

             {c |} klarne~y      hvd
{hline 13}{c +}{hline 18}
klarnerran~y {c |}{res}   1.0000
         {txt}hvd {c |}{res}   0.2570   1.0000

{txt}
{com}. 
. cor klarnerranney hvd if year>1980 & nonsouth==0
{txt}(obs=420)

             {c |} klarne~y      hvd
{hline 13}{c +}{hline 18}
klarnerran~y {c |}{res}   1.0000
         {txt}hvd {c |}{res}  -0.3215   1.0000

{txt}
{com}. 
. cor klarnerranney hvd if year>1980 & newsouth==1
{txt}(obs=150)

             {c |} klarne~y      hvd
{hline 13}{c +}{hline 18}
klarnerran~y {c |}{res}   1.0000
         {txt}hvd {c |}{res}   0.1735   1.0000

{txt}
{com}. 
. cor klarnerranney hvd if year>1980 & oldsouth==1
{txt}(obs=270)

             {c |} klarne~y      hvd
{hline 13}{c +}{hline 18}
klarnerran~y {c |}{res}   1.0000
         {txt}hvd {c |}{res}  -0.4367   1.0000

{txt}
{com}. 
. 
. *** I.A: NON-SOUTHERN STATES (N = 35): FULL TIME PERIOD (1942 - 2010): BIVARIATE DYNAMIC PANEL ARDL(4,3)--ECM REGRESSION MODELS OF STATE REAL PER CAPITA PERSONAL INCOME [real_pc_inc_ann] /// 
> ///       & STATE hvd INDEX FOR PARTISAN COMPETITION IN LEGISLATURE/REPRESENTATIVE ASSEMBLIES [hvd] WITH TWO-WAY FIXED EFFECTS [STATE AND TIME UNIT EFFECTS]  ***
> 
. 
. 
. 
. // (4,3)  MODEL
. 
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. 
. 
. 
. ***********************************************************************************************************************************************************************************************************
. ***********************************************************************************************************************************************************************************************************
. ***********************************************************************************************************************************************************************************************************
. ***********************************************************************************************************************************************************************************************************
. ***********************************************************************************************************************************************************************************************************
. ***********************************************************************************************************************************************************************************************************
. 
. 
. 
. // (4,3)  MODEL
. 
. 
. 
. *** I.C: NON-SOUTHERN STATES (N = 35): POST-PARTISAN ALIGNMENT TIME PERIOD (1981 - 2010) ***
. 
. 
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. qui reg d.real_pc_inc_ann  l.real_pc_inc_ann l.hvd   l.d.real_pc_inc_ann d.hvd  l2.d.real_pc_inc_ann  l.d.hvd  l3.d.real_pc_inc_ann l2.d.hvd l.csi_perc_cap_outlays l.d.csi_perc_cap_outlays l.right_to_work l.d.right_to_work l.csi_welf_perc_total l.d.csi_welf_perc_total l.nonfarm_persinc l.d.nonfarm_persinc l.gov_party l.d.gov_party l.dem_unified l.d.dem_unified l.rep_unified l.d.rep_unified   i.state_fips i.year if year >1980 & nonsouth==1
{txt}
{com}. 
. estat ic

Akaike's information criterion and Bayesian information criterion

{txt}{hline 13}{c TT}{hline 63}
       Model {c |}        Obs  ll(null)  ll(model)      df         AIC        BIC
{hline 13}{c +}{hline 63}
{ralign 12:.}{col 14}{c |}{res}{col 16}     1,040{col 27}-7713.356{col 38}-7195.739{col 49}    86{col 58} 14563.48{col 69} 14988.92
{txt}{hline 13}{c BT}{hline 63}
{p 15 21 2}
Note: N=Obs used in calculating BIC; see {helpb bic_note:[R] BIC note}.
{p_end}

{com}. 
. 
. ******INCOME EQUATION*********
. 
. newey d.real_pc_inc_ann  l.real_pc_inc_ann l.hvd   l.d.real_pc_inc_ann d.hvd  l2.d.real_pc_inc_ann  l.d.hvd  l3.d.real_pc_inc_ann l2.d.hvd l.csi_perc_cap_outlays l.d.csi_perc_cap_outlays l.right_to_work l.d.right_to_work l.csi_welf_perc_total l.d.csi_welf_perc_total l.nonfarm_persinc l.d.nonfarm_persinc l.gov_party l.d.gov_party l.dem_unified l.d.dem_unified l.rep_unified l.d.rep_unified   i.state_fips i.year if year >1980 & nonsouth==1, lag(5) force

{txt}Regression with Newey-West standard errors{col 49}Number of obs{col 67}= {res}     1,040
{txt}maximum lag: {res}5{col 49}{txt}F( 85,       954){col 67}= {res}     29.78
{col 49}{txt}Prob > F{col 67}= {res}    0.0000

{txt}{hline 21}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 22}{c |}{col 34}  Newey-West
{col 1}   D.real_pc_inc_ann{col 22}{c |}      Coef.{col 34}   Std. Err.{col 46}      t{col 54}   P>|t|{col 62}     [95% Con{col 75}f. Interval]
{hline 21}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 5}real_pc_inc_ann {c |}
{space 17}L1. {c |}{col 22}{res}{space 2}-.0891906{col 34}{space 2} .0157047{col 45}{space 1}   -5.68{col 54}{space 3}0.000{col 62}{space 4}-.1200103{col 75}{space 3} -.058371
{txt}{space 20} {c |}
{space 17}hvd {c |}
{space 17}L1. {c |}{col 22}{res}{space 2}-5.533528{col 34}{space 2} 3.764031{col 45}{space 1}   -1.47{col 54}{space 3}0.142{col 62}{space 4}-12.92026{col 75}{space 3} 1.853209
{txt}{space 20} {c |}
{space 5}real_pc_inc_ann {c |}
{space 17}LD. {c |}{col 22}{res}{space 2} .3197986{col 34}{space 2} .0618571{col 45}{space 1}    5.17{col 54}{space 3}0.000{col 62}{space 4} .1984069{col 75}{space 3} .4411902
{txt}{space 20} {c |}
{space 17}hvd {c |}
{space 17}D1. {c |}{col 22}{res}{space 2}-6.196147{col 34}{space 2} 3.007779{col 45}{space 1}   -2.06{col 54}{space 3}0.040{col 62}{space 4}-12.09877{col 75}{space 3}-.2935193
{txt}{space 20} {c |}
{space 5}real_pc_inc_ann {c |}
{space 16}L2D. {c |}{col 22}{res}{space 2} .0768838{col 34}{space 2} .0611576{col 45}{space 1}    1.26{col 54}{space 3}0.209{col 62}{space 4}-.0431353{col 75}{space 3} .1969028
{txt}{space 20} {c |}
{space 17}hvd {c |}
{space 17}LD. {c |}{col 22}{res}{space 2} 1.095768{col 34}{space 2} 3.993075{col 45}{space 1}    0.27{col 54}{space 3}0.784{col 62}{space 4}-6.740457{col 75}{space 3} 8.931993
{txt}{space 20} {c |}
{space 5}real_pc_inc_ann {c |}
{space 16}L3D. {c |}{col 22}{res}{space 2}-.0517239{col 34}{space 2} .0455527{col 45}{space 1}   -1.14{col 54}{space 3}0.256{col 62}{space 4}-.1411191{col 75}{space 3} .0376712
{txt}{space 20} {c |}
{space 17}hvd {c |}
{space 16}L2D. {c |}{col 22}{res}{space 2} 5.404745{col 34}{space 2} 2.810428{col 45}{space 1}    1.92{col 54}{space 3}0.055{col 62}{space 4}-.1105906{col 75}{space 3} 10.92008
{txt}{space 20} {c |}
csi_perc_cap_outlays {c |}
{space 17}L1. {c |}{col 22}{res}{space 2}-774.6605{col 34}{space 2} 580.2309{col 45}{space 1}   -1.34{col 54}{space 3}0.182{col 62}{space 4}-1913.337{col 75}{space 3} 364.0158
{txt}{space 17}LD. {c |}{col 22}{res}{space 2}-462.3683{col 34}{space 2} 673.1606{col 45}{space 1}   -0.69{col 54}{space 3}0.492{col 62}{space 4}-1783.415{col 75}{space 3} 858.6781
{txt}{space 20} {c |}
{space 7}right_to_work {c |}
{space 17}L1. {c |}{col 22}{res}{space 2} 185.3431{col 34}{space 2} 158.0282{col 45}{space 1}    1.17{col 54}{space 3}0.241{col 62}{space 4}-124.7799{col 75}{space 3} 495.4662
{txt}{space 17}LD. {c |}{col 22}{res}{space 2}-154.2714{col 34}{space 2} 151.5691{col 45}{space 1}   -1.02{col 54}{space 3}0.309{col 62}{space 4}-451.7187{col 75}{space 3} 143.1758
{txt}{space 20} {c |}
{space 1}csi_welf_perc_total {c |}
{space 17}L1. {c |}{col 22}{res}{space 2}-154.4961{col 34}{space 2} 394.8773{col 45}{space 1}   -0.39{col 54}{space 3}0.696{col 62}{space 4}-929.4245{col 75}{space 3} 620.4324
{txt}{space 17}LD. {c |}{col 22}{res}{space 2}-936.6929{col 34}{space 2}  587.728{col 45}{space 1}   -1.59{col 54}{space 3}0.111{col 62}{space 4}-2090.082{col 75}{space 3} 216.6962
{txt}{space 20} {c |}
{space 5}nonfarm_persinc {c |}
{space 17}L1. {c |}{col 22}{res}{space 2} 9122.172{col 34}{space 2} 2327.712{col 45}{space 1}    3.92{col 54}{space 3}0.000{col 62}{space 4} 4554.144{col 75}{space 3}  13690.2
{txt}{space 17}LD. {c |}{col 22}{res}{space 2} 5388.505{col 34}{space 2} 1862.085{col 45}{space 1}    2.89{col 54}{space 3}0.004{col 62}{space 4} 1734.249{col 75}{space 3}  9042.76
{txt}{space 20} {c |}
{space 11}gov_party {c |}
{space 17}L1. {c |}{col 22}{res}{space 2}-36.63025{col 34}{space 2} 25.80366{col 45}{space 1}   -1.42{col 54}{space 3}0.156{col 62}{space 4}-87.26873{col 75}{space 3} 14.00824
{txt}{space 17}LD. {c |}{col 22}{res}{space 2}-2.298136{col 34}{space 2}  29.2203{col 45}{space 1}   -0.08{col 54}{space 3}0.937{col 62}{space 4}-59.64162{col 75}{space 3} 55.04535
{txt}{space 20} {c |}
{space 9}dem_unified {c |}
{space 17}L1. {c |}{col 22}{res}{space 2} 16.34855{col 34}{space 2}  29.1045{col 45}{space 1}    0.56{col 54}{space 3}0.574{col 62}{space 4}-40.76769{col 75}{space 3} 73.46479
{txt}{space 17}LD. {c |}{col 22}{res}{space 2}-23.19273{col 34}{space 2}  29.5735{col 45}{space 1}   -0.78{col 54}{space 3}0.433{col 62}{space 4}-81.22935{col 75}{space 3}  34.8439
{txt}{space 20} {c |}
{space 9}rep_unified {c |}
{space 17}L1. {c |}{col 22}{res}{space 2}-52.66022{col 34}{space 2} 32.36667{col 45}{space 1}   -1.63{col 54}{space 3}0.104{col 62}{space 4}-116.1783{col 75}{space 3} 10.85789
{txt}{space 17}LD. {c |}{col 22}{res}{space 2} 62.52495{col 34}{space 2}  33.3414{col 45}{space 1}    1.88{col 54}{space 3}0.061{col 62}{space 4}-2.906011{col 75}{space 3} 127.9559
{txt}{space 20} {c |}
{space 10}state_fips {c |}
{space 18}4  {c |}{col 22}{res}{space 2}-433.5638{col 34}{space 2} 169.9824{col 45}{space 1}   -2.55{col 54}{space 3}0.011{col 62}{space 4}-767.1464{col 75}{space 3}-99.98123
{txt}{space 18}6  {c |}{col 22}{res}{space 2} 13.39767{col 34}{space 2} 95.52671{col 45}{space 1}    0.14{col 54}{space 3}0.888{col 62}{space 4}-174.0691{col 75}{space 3} 200.8644
{txt}{space 18}8  {c |}{col 22}{res}{space 2}  12.7643{col 34}{space 2} 82.12753{col 45}{space 1}    0.16{col 54}{space 3}0.877{col 62}{space 4}-148.4072{col 75}{space 3} 173.9358
{txt}{space 18}9  {c |}{col 22}{res}{space 2} 412.9331{col 34}{space 2} 106.7932{col 45}{space 1}    3.87{col 54}{space 3}0.000{col 62}{space 4} 203.3563{col 75}{space 3} 622.5099
{txt}{space 17}10  {c |}{col 22}{res}{space 2}-30.86362{col 34}{space 2} 75.37313{col 45}{space 1}   -0.41{col 54}{space 3}0.682{col 62}{space 4}-178.7799{col 75}{space 3} 117.0527
{txt}{space 17}15  {c |}{col 22}{res}{space 2}-10.33026{col 34}{space 2} 94.17039{col 45}{space 1}   -0.11{col 54}{space 3}0.913{col 62}{space 4}-195.1353{col 75}{space 3} 174.4748
{txt}{space 17}16  {c |}{col 22}{res}{space 2}-221.0669{col 34}{space 2} 190.5456{col 45}{space 1}   -1.16{col 54}{space 3}0.246{col 62}{space 4}-595.0039{col 75}{space 3}   152.87
{txt}{space 17}17  {c |}{col 22}{res}{space 2}-36.32932{col 34}{space 2} 91.18581{col 45}{space 1}   -0.40{col 54}{space 3}0.690{col 62}{space 4}-215.2772{col 75}{space 3} 142.6186
{txt}{space 17}18  {c |}{col 22}{res}{space 2} -251.971{col 34}{space 2} 89.95848{col 45}{space 1}   -2.80{col 54}{space 3}0.005{col 62}{space 4}-428.5104{col 75}{space 3}-75.43163
{txt}{space 17}19  {c |}{col 22}{res}{space 2}-104.8012{col 34}{space 2} 196.0519{col 45}{space 1}   -0.53{col 54}{space 3}0.593{col 62}{space 4} -489.544{col 75}{space 3} 279.9415
{txt}{space 17}20  {c |}{col 22}{res}{space 2}-208.2352{col 34}{space 2} 177.0124{col 45}{space 1}   -1.18{col 54}{space 3}0.240{col 62}{space 4} -555.614{col 75}{space 3} 139.1435
{txt}{space 17}23  {c |}{col 22}{res}{space 2}-246.0993{col 34}{space 2} 102.3456{col 45}{space 1}   -2.40{col 54}{space 3}0.016{col 62}{space 4}-446.9479{col 75}{space 3}-45.25075
{txt}{space 17}24  {c |}{col 22}{res}{space 2} 153.3088{col 34}{space 2} 86.01158{col 45}{space 1}    1.78{col 54}{space 3}0.075{col 62}{space 4}-15.48493{col 75}{space 3} 322.1026
{txt}{space 17}25  {c |}{col 22}{res}{space 2} 194.3567{col 34}{space 2} 110.2772{col 45}{space 1}    1.76{col 54}{space 3}0.078{col 62}{space 4}-22.05714{col 75}{space 3} 410.7705
{txt}{space 17}26  {c |}{col 22}{res}{space 2}-244.7906{col 34}{space 2} 98.51435{col 45}{space 1}   -2.48{col 54}{space 3}0.013{col 62}{space 4}-438.1204{col 75}{space 3}-51.46071
{txt}{space 17}27  {c |}{col 22}{res}{space 2} 61.81839{col 34}{space 2} 82.23019{col 45}{space 1}    0.75{col 54}{space 3}0.452{col 62}{space 4}-99.55455{col 75}{space 3} 223.1913
{txt}{space 17}29  {c |}{col 22}{res}{space 2}  -219.28{col 34}{space 2} 88.67095{col 45}{space 1}   -2.47{col 54}{space 3}0.014{col 62}{space 4}-393.2926{col 75}{space 3}-45.26736
{txt}{space 17}30  {c |}{col 22}{res}{space 2}-198.7928{col 34}{space 2} 104.9179{col 45}{space 1}   -1.89{col 54}{space 3}0.058{col 62}{space 4}-404.6893{col 75}{space 3} 7.103685
{txt}{space 17}32  {c |}{col 22}{res}{space 2}-316.6616{col 34}{space 2} 177.5056{col 45}{space 1}   -1.78{col 54}{space 3}0.075{col 62}{space 4}-665.0082{col 75}{space 3} 31.68489
{txt}{space 17}33  {c |}{col 22}{res}{space 2} 33.04401{col 34}{space 2} 86.50536{col 45}{space 1}    0.38{col 54}{space 3}0.703{col 62}{space 4}-136.7188{col 75}{space 3} 202.8068
{txt}{space 17}34  {c |}{col 22}{res}{space 2} 302.1678{col 34}{space 2} 87.68663{col 45}{space 1}    3.45{col 54}{space 3}0.001{col 62}{space 4} 130.0868{col 75}{space 3} 474.2487
{txt}{space 17}35  {c |}{col 22}{res}{space 2}-374.3983{col 34}{space 2} 106.0093{col 45}{space 1}   -3.53{col 54}{space 3}0.000{col 62}{space 4}-582.4367{col 75}{space 3}-166.3599
{txt}{space 17}36  {c |}{col 22}{res}{space 2} 138.0446{col 34}{space 2} 104.1358{col 45}{space 1}    1.33{col 54}{space 3}0.185{col 62}{space 4}-66.31705{col 75}{space 3} 342.4063
{txt}{space 17}38  {c |}{col 22}{res}{space 2} 286.3219{col 34}{space 2} 125.0251{col 45}{space 1}    2.29{col 54}{space 3}0.022{col 62}{space 4} 40.96594{col 75}{space 3} 531.6778
{txt}{space 17}39  {c |}{col 22}{res}{space 2}-212.5003{col 34}{space 2} 84.51685{col 45}{space 1}   -2.51{col 54}{space 3}0.012{col 62}{space 4}-378.3607{col 75}{space 3}-46.63991
{txt}{space 17}41  {c |}{col 22}{res}{space 2}-177.1731{col 34}{space 2} 81.80264{col 45}{space 1}   -2.17{col 54}{space 3}0.031{col 62}{space 4} -337.707{col 75}{space 3}-16.63918
{txt}{space 17}42  {c |}{col 22}{res}{space 2}-132.8725{col 34}{space 2} 92.59617{col 45}{space 1}   -1.43{col 54}{space 3}0.152{col 62}{space 4}-314.5882{col 75}{space 3} 48.84323
{txt}{space 17}44  {c |}{col 22}{res}{space 2}-135.3484{col 34}{space 2} 98.14412{col 45}{space 1}   -1.38{col 54}{space 3}0.168{col 62}{space 4}-327.9517{col 75}{space 3} 57.25489
{txt}{space 17}46  {c |}{col 22}{res}{space 2} 206.2352{col 34}{space 2} 253.3508{col 45}{space 1}    0.81{col 54}{space 3}0.416{col 62}{space 4}-290.9541{col 75}{space 3} 703.4245
{txt}{space 17}49  {c |}{col 22}{res}{space 2}-551.5891{col 34}{space 2} 173.8622{col 45}{space 1}   -3.17{col 54}{space 3}0.002{col 62}{space 4}-892.7856{col 75}{space 3}-210.3926
{txt}{space 17}50  {c |}{col 22}{res}{space 2}-133.8827{col 34}{space 2} 88.16445{col 45}{space 1}   -1.52{col 54}{space 3}0.129{col 62}{space 4}-306.9014{col 75}{space 3} 39.13595
{txt}{space 17}53  {c |}{col 22}{res}{space 2} 37.83266{col 34}{space 2} 72.36549{col 45}{space 1}    0.52{col 54}{space 3}0.601{col 62}{space 4}-104.1813{col 75}{space 3} 179.8466
{txt}{space 17}55  {c |}{col 22}{res}{space 2}-157.4946{col 34}{space 2} 86.04166{col 45}{space 1}   -1.83{col 54}{space 3}0.067{col 62}{space 4}-326.3474{col 75}{space 3} 11.35814
{txt}{space 17}56  {c |}{col 22}{res}{space 2}-198.1342{col 34}{space 2} 209.9249{col 45}{space 1}   -0.94{col 54}{space 3}0.345{col 62}{space 4} -610.102{col 75}{space 3} 213.8337
{txt}{space 20} {c |}
{space 16}year {c |}
{space 15}1982  {c |}{col 22}{res}{space 2} -86.5561{col 34}{space 2} 63.28783{col 45}{space 1}   -1.37{col 54}{space 3}0.172{col 62}{space 4}-210.7555{col 75}{space 3} 37.64334
{txt}{space 15}1983  {c |}{col 22}{res}{space 2} 21.65278{col 34}{space 2} 82.95933{col 45}{space 1}    0.26{col 54}{space 3}0.794{col 62}{space 4}-141.1511{col 75}{space 3} 184.4566
{txt}{space 15}1984  {c |}{col 22}{res}{space 2} 311.7308{col 34}{space 2} 54.90652{col 45}{space 1}    5.68{col 54}{space 3}0.000{col 62}{space 4} 203.9793{col 75}{space 3} 419.4823
{txt}{space 15}1985  {c |}{col 22}{res}{space 2} 22.01691{col 34}{space 2} 64.42352{col 45}{space 1}    0.34{col 54}{space 3}0.733{col 62}{space 4}-104.4113{col 75}{space 3} 148.4451
{txt}{space 15}1986  {c |}{col 22}{res}{space 2} 186.1895{col 34}{space 2} 64.81079{col 45}{space 1}    2.87{col 54}{space 3}0.004{col 62}{space 4} 59.00132{col 75}{space 3} 313.3777
{txt}{space 15}1987  {c |}{col 22}{res}{space 2} 52.95405{col 34}{space 2} 66.52792{col 45}{space 1}    0.80{col 54}{space 3}0.426{col 62}{space 4}-77.60391{col 75}{space 3}  183.512
{txt}{space 15}1988  {c |}{col 22}{res}{space 2} 235.4591{col 34}{space 2} 72.66234{col 45}{space 1}    3.24{col 54}{space 3}0.001{col 62}{space 4} 92.86257{col 75}{space 3} 378.0555
{txt}{space 15}1989  {c |}{col 22}{res}{space 2} 240.3111{col 34}{space 2} 68.83997{col 45}{space 1}    3.49{col 54}{space 3}0.001{col 62}{space 4} 105.2158{col 75}{space 3} 375.4063
{txt}{space 15}1990  {c |}{col 22}{res}{space 2}-94.33938{col 34}{space 2} 77.10079{col 45}{space 1}   -1.22{col 54}{space 3}0.221{col 62}{space 4}-245.6461{col 75}{space 3} 56.96736
{txt}{space 15}1991  {c |}{col 22}{res}{space 2} -129.107{col 34}{space 2} 67.62685{col 45}{space 1}   -1.91{col 54}{space 3}0.057{col 62}{space 4}-261.8216{col 75}{space 3} 3.607543
{txt}{space 15}1992  {c |}{col 22}{res}{space 2} 389.1627{col 34}{space 2} 62.29012{col 45}{space 1}    6.25{col 54}{space 3}0.000{col 62}{space 4} 266.9212{col 75}{space 3} 511.4042
{txt}{space 15}1993  {c |}{col 22}{res}{space 2} 30.24216{col 34}{space 2} 75.80934{col 45}{space 1}    0.40{col 54}{space 3}0.690{col 62}{space 4}-118.5302{col 75}{space 3} 179.0145
{txt}{space 15}1994  {c |}{col 22}{res}{space 2} 258.8024{col 34}{space 2} 72.28867{col 45}{space 1}    3.58{col 54}{space 3}0.000{col 62}{space 4} 116.9393{col 75}{space 3} 400.6656
{txt}{space 15}1995  {c |}{col 22}{res}{space 2} 165.4818{col 34}{space 2} 72.10935{col 45}{space 1}    2.29{col 54}{space 3}0.022{col 62}{space 4} 23.97048{col 75}{space 3}  306.993
{txt}{space 15}1996  {c |}{col 22}{res}{space 2} 277.3764{col 34}{space 2} 77.90993{col 45}{space 1}    3.56{col 54}{space 3}0.000{col 62}{space 4} 124.4817{col 75}{space 3}  430.271
{txt}{space 15}1997  {c |}{col 22}{res}{space 2} 372.7951{col 34}{space 2} 77.18026{col 45}{space 1}    4.83{col 54}{space 3}0.000{col 62}{space 4} 221.3325{col 75}{space 3} 524.2578
{txt}{space 15}1998  {c |}{col 22}{res}{space 2}  704.438{col 34}{space 2} 85.87723{col 45}{space 1}    8.20{col 54}{space 3}0.000{col 62}{space 4} 535.9079{col 75}{space 3} 872.9681
{txt}{space 15}1999  {c |}{col 22}{res}{space 2} 199.6534{col 34}{space 2} 97.43462{col 45}{space 1}    2.05{col 54}{space 3}0.041{col 62}{space 4} 8.442421{col 75}{space 3} 390.8643
{txt}{space 15}2000  {c |}{col 22}{res}{space 2} 669.7691{col 34}{space 2} 99.90374{col 45}{space 1}    6.70{col 54}{space 3}0.000{col 62}{space 4} 473.7127{col 75}{space 3} 865.8256
{txt}{space 15}2001  {c |}{col 22}{res}{space 2} 191.6707{col 34}{space 2} 113.3396{col 45}{space 1}    1.69{col 54}{space 3}0.091{col 62}{space 4}-30.75297{col 75}{space 3} 414.0943
{txt}{space 15}2002  {c |}{col 22}{res}{space 2} 156.2889{col 34}{space 2} 102.7758{col 45}{space 1}    1.52{col 54}{space 3}0.129{col 62}{space 4}-45.40384{col 75}{space 3} 357.9816
{txt}{space 15}2003  {c |}{col 22}{res}{space 2} 356.0762{col 34}{space 2} 94.98745{col 45}{space 1}    3.75{col 54}{space 3}0.000{col 62}{space 4} 169.6677{col 75}{space 3} 542.4847
{txt}{space 15}2004  {c |}{col 22}{res}{space 2} 668.0952{col 34}{space 2} 108.2604{col 45}{space 1}    6.17{col 54}{space 3}0.000{col 62}{space 4} 455.6393{col 75}{space 3} 880.5512
{txt}{space 15}2005  {c |}{col 22}{res}{space 2} 326.1586{col 34}{space 2} 120.1668{col 45}{space 1}    2.71{col 54}{space 3}0.007{col 62}{space 4} 90.33687{col 75}{space 3} 561.9804
{txt}{space 15}2006  {c |}{col 22}{res}{space 2} 805.9931{col 34}{space 2} 130.2956{col 45}{space 1}    6.19{col 54}{space 3}0.000{col 62}{space 4}  550.294{col 75}{space 3} 1061.692
{txt}{space 15}2007  {c |}{col 22}{res}{space 2} 531.5726{col 34}{space 2} 129.0344{col 45}{space 1}    4.12{col 54}{space 3}0.000{col 62}{space 4} 278.3485{col 75}{space 3} 784.7967
{txt}{space 15}2008  {c |}{col 22}{res}{space 2} 347.1683{col 34}{space 2} 141.0882{col 45}{space 1}    2.46{col 54}{space 3}0.014{col 62}{space 4} 70.28913{col 75}{space 3} 624.0474
{txt}{space 15}2009  {c |}{col 22}{res}{space 2}-417.4033{col 34}{space 2} 122.0103{col 45}{space 1}   -3.42{col 54}{space 3}0.001{col 62}{space 4}-656.8429{col 75}{space 3}-177.9636
{txt}{space 15}2010  {c |}{col 22}{res}{space 2} 797.4373{col 34}{space 2} 110.7252{col 45}{space 1}    7.20{col 54}{space 3}0.000{col 62}{space 4} 580.1442{col 75}{space 3}  1014.73
{txt}{space 20} {c |}
{space 15}_cons {c |}{col 22}{res}{space 2}-7167.102{col 34}{space 2} 2339.945{col 45}{space 1}   -3.06{col 54}{space 3}0.002{col 62}{space 4}-11759.14{col 75}{space 3} -2575.07
{txt}{hline 21}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. predict real_pc_inc_annhatallpost if year>1980 & nonsouth==1
{txt}(option xb assumed; fitted values)
(2,299 missing values generated)

{com}. 
. 
. 
. * TESTING INCOME ERROR CORRECTION RATE *
. 
. test l.real_pc_inc_ann = 0 

{p 0 7}{space 1}{text:( 1)}{space 1} {res}L.real_pc_inc_ann = 0{p_end}

{txt}       F(  1,   954) ={res}   32.25
{txt}{col 13}Prob > F ={res}    0.0000
{txt}
{com}. 
. 
. * TESTING INCOME FOR COINTEGRATION VIA LONG-RUN COEFFICIENT JOINT EQUALITY WITH ZERO (WEAK EXOGENEITY) *
. 
. test l.real_pc_inc_ann = l.hvd = 0

{p 0 7}{space 1}{text:( 1)}{space 1} {res}L.real_pc_inc_ann - L.hvd = 0{p_end}
{p 0 7}{space 1}{text:( 2)}{space 1} L.real_pc_inc_ann = 0{p_end}

{txt}       F(  2,   954) ={res}   16.38
{txt}{col 13}Prob > F ={res}    0.0000
{txt}
{com}. 
. 
. * ESTIMATING CUMULATIVE SHORT-RUN EFFECTS FOR NON-LEFT-HAND SIDE VARIABLE *
. 
. lincom   d.hvd +  l.d.hvd +  l2.d.hvd

{p 0 7}{space 1}{text:( 1)}{space 1} {res}D.hvd + LD.hvd + L2D.hvd = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}D.          {col 14}{c |}
{col 1}real_pc_in~n{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .3043664{col 26}{space 2} 7.594434{col 37}{space 1}    0.04{col 46}{space 3}0.968{col 54}{space 4}-14.59936{col 67}{space 3} 15.20809
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. 
. 
. * TESTING FOR LONG-RUN MULTIPLIER EFFECT *
. 
. nlcom _b[l.hvd]/-_b[l.real_pc_inc_ann] 

       {txt}_nl_1:  {res}_b[l.hvd]/-_b[l.real_pc_inc_ann]

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}D.          {col 14}{c |}
{col 1}real_pc_in~n{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      z{col 46}   P>|z|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 7}_nl_1 {c |}{col 14}{res}{space 2}-62.04157{col 26}{space 2} 42.13125{col 37}{space 1}   -1.47{col 46}{space 3}0.141{col 54}{space 4}-144.6173{col 67}{space 3} 20.53416
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. 
. 
. sum hvd   if  real_pc_inc_annhatallpost!=. & year > 1980 & nonsouth==1, detail

                             {txt}hvd
{hline 61}
      Percentiles      Smallest
 1%    {res} 62.29807       60.90635
{txt} 5%    {res}  66.4632       60.90635
{txt}10%    {res} 68.01574        61.0847       {txt}Obs         {res}      1,040
{txt}25%    {res} 70.67352        61.0847       {txt}Sum of Wgt. {res}      1,040

{txt}50%    {res} 73.98338                      {txt}Mean          {res} 73.46929
                        {txt}Largest       Std. Dev.     {res} 4.258371
{txt}75%    {res} 76.30724            100
{txt}90%    {res} 77.96497            100       {txt}Variance      {res} 18.13373
{txt}95%    {res}  79.1453            100       {txt}Skewness      {res} .5363104
{txt}99%    {res} 81.45831            100       {txt}Kurtosis      {res} 8.085436
{txt}
{com}. 
. 
. 
. * TOTAL/DYNAMIC MULTIPLIER & BASELINE LONG-RUN EFFECTS  OF hvd ON real_pc_inc_ann:  75TH PERCENTILE VALUE OF hvd MINUS 25TH PERCENTILE VALUE OF hvd FOR EFFECTIVE SAMPLE PERIOD *
. 
. 
. nlcom  (_b[l.hvd] / - _b[l.real_pc_inc_ann])*91.25554  -  (_b[l.hvd] / - _b[l.real_pc_inc_ann])*65.40031 

       {txt}_nl_1:  {res}(_b[l.hvd] / - _b[l.real_pc_inc_ann])*91.25554 - (_b[l.hvd] / - _b[l.real_pc_inc_ann])*65.40031

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}D.          {col 14}{c |}
{col 1}real_pc_in~n{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      z{col 46}   P>|z|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 7}_nl_1 {c |}{col 14}{res}{space 2}-1604.099{col 26}{space 2} 1089.313{col 37}{space 1}   -1.47{col 46}{space 3}0.141{col 54}{space 4}-3739.114{col 67}{space 3} 530.9155
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. 
. 
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. 
. qui reg d.hvd  l.hvd l.real_pc_inc_ann l.d.hvd d.real_pc_inc_ann  l2.d.hvd  l.d.real_pc_inc_ann  l3.d.hvd l2.d.real_pc_inc_ann l.gov_party l.d.gov_party l.dem_unified l.d.dem_unified l.rep_unified l.d.rep_unified l.electedjudges1 l.d.electedjudges1 i.state_fips i.year if year >1980 & nonsouth==1
{txt}
{com}. estat ic

Akaike's information criterion and Bayesian information criterion

{txt}{hline 13}{c TT}{hline 63}
       Model {c |}        Obs  ll(null)  ll(model)      df         AIC        BIC
{hline 13}{c +}{hline 63}
{ralign 12:.}{col 14}{c |}{res}{col 16}     1,039{col 27}-2574.256{col 38}-2360.347{col 49}    80{col 58} 4880.693{col 69} 5276.374
{txt}{hline 13}{c BT}{hline 63}
{p 15 21 2}
Note: N=Obs used in calculating BIC; see {helpb bic_note:[R] BIC note}.
{p_end}

{com}. 
. 
. ******PARTISAN COMPETITION EQUATION*********
. 
. 
. newey d.hvd  l.hvd l.real_pc_inc_ann l.d.hvd d.real_pc_inc_ann  l2.d.hvd  l.d.real_pc_inc_ann  l3.d.hvd l2.d.real_pc_inc_ann l.gov_party l.d.gov_party l.dem_unified l.d.dem_unified l.rep_unified l.d.rep_unified l.electedjudges1 l.d.electedjudges1 i.state_fips i.year if year >1980 & nonsouth==1, lag(5) force

{txt}Regression with Newey-West standard errors{col 49}Number of obs{col 67}= {res}     1,039
{txt}maximum lag: {res}5{col 49}{txt}F( 79,       959){col 67}= {res}      5.94
{col 49}{txt}Prob > F{col 67}= {res}    0.0000

{txt}{hline 16}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 17}{c |}{col 29}  Newey-West
{col 1}          D.hvd{col 17}{c |}      Coef.{col 29}   Std. Err.{col 41}      t{col 49}   P>|t|{col 57}     [95% Con{col 70}f. Interval]
{hline 16}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 12}hvd {c |}
{space 12}L1. {c |}{col 17}{res}{space 2}-.4097455{col 29}{space 2}  .068333{col 40}{space 1}   -6.00{col 49}{space 3}0.000{col 57}{space 4} -.543845{col 70}{space 3}-.2756461
{txt}{space 15} {c |}
real_pc_inc_ann {c |}
{space 12}L1. {c |}{col 17}{res}{space 2} -.000252{col 29}{space 2} .0001642{col 40}{space 1}   -1.53{col 49}{space 3}0.125{col 57}{space 4}-.0005742{col 70}{space 3} .0000702
{txt}{space 15} {c |}
{space 12}hvd {c |}
{space 12}LD. {c |}{col 17}{res}{space 2}-.0763657{col 29}{space 2} .0908921{col 40}{space 1}   -0.84{col 49}{space 3}0.401{col 57}{space 4}-.2547362{col 70}{space 3} .1020047
{txt}{space 15} {c |}
real_pc_inc_ann {c |}
{space 12}D1. {c |}{col 17}{res}{space 2}-.0005109{col 29}{space 2} .0002514{col 40}{space 1}   -2.03{col 49}{space 3}0.042{col 57}{space 4}-.0010042{col 70}{space 3}-.0000175
{txt}{space 15} {c |}
{space 12}hvd {c |}
{space 11}L2D. {c |}{col 17}{res}{space 2}-.1393917{col 29}{space 2}  .061783{col 40}{space 1}   -2.26{col 49}{space 3}0.024{col 57}{space 4}-.2606373{col 70}{space 3}-.0181461
{txt}{space 15} {c |}
real_pc_inc_ann {c |}
{space 12}LD. {c |}{col 17}{res}{space 2}-3.40e-06{col 29}{space 2} .0002605{col 40}{space 1}   -0.01{col 49}{space 3}0.990{col 57}{space 4}-.0005146{col 70}{space 3} .0005078
{txt}{space 15} {c |}
{space 12}hvd {c |}
{space 11}L3D. {c |}{col 17}{res}{space 2}-.0595327{col 29}{space 2} .0575527{col 40}{space 1}   -1.03{col 49}{space 3}0.301{col 57}{space 4}-.1724764{col 70}{space 3} .0534109
{txt}{space 15} {c |}
real_pc_inc_ann {c |}
{space 11}L2D. {c |}{col 17}{res}{space 2}-.0007243{col 29}{space 2} .0003018{col 40}{space 1}   -2.40{col 49}{space 3}0.017{col 57}{space 4}-.0013166{col 70}{space 3} -.000132
{txt}{space 15} {c |}
{space 6}gov_party {c |}
{space 12}L1. {c |}{col 17}{res}{space 2} .0858498{col 29}{space 2} .2212748{col 40}{space 1}    0.39{col 49}{space 3}0.698{col 57}{space 4}-.3483889{col 70}{space 3} .5200886
{txt}{space 12}LD. {c |}{col 17}{res}{space 2}-.2811271{col 29}{space 2} .3711433{col 40}{space 1}   -0.76{col 49}{space 3}0.449{col 57}{space 4}-1.009474{col 70}{space 3} .4472197
{txt}{space 15} {c |}
{space 4}dem_unified {c |}
{space 12}L1. {c |}{col 17}{res}{space 2} .1515123{col 29}{space 2} .2847115{col 40}{space 1}    0.53{col 49}{space 3}0.595{col 57}{space 4}-.4072171{col 70}{space 3} .7102417
{txt}{space 12}LD. {c |}{col 17}{res}{space 2}  .370457{col 29}{space 2} .5741347{col 40}{space 1}    0.65{col 49}{space 3}0.519{col 57}{space 4}-.7562484{col 70}{space 3} 1.497162
{txt}{space 15} {c |}
{space 4}rep_unified {c |}
{space 12}L1. {c |}{col 17}{res}{space 2}-.2420777{col 29}{space 2} .3451836{col 40}{space 1}   -0.70{col 49}{space 3}0.483{col 57}{space 4}  -.91948{col 70}{space 3} .4353247
{txt}{space 12}LD. {c |}{col 17}{res}{space 2} .2114568{col 29}{space 2}   .36203{col 40}{space 1}    0.58{col 49}{space 3}0.559{col 57}{space 4}-.4990056{col 70}{space 3} .9219192
{txt}{space 15} {c |}
{space 1}electedjudges1 {c |}
{space 12}L1. {c |}{col 17}{res}{space 2}-1.549256{col 29}{space 2} .5700612{col 40}{space 1}   -2.72{col 49}{space 3}0.007{col 57}{space 4}-2.667967{col 70}{space 3}-.4305447
{txt}{space 12}LD. {c |}{col 17}{res}{space 2}-1.032013{col 29}{space 2} 1.786908{col 40}{space 1}   -0.58{col 49}{space 3}0.564{col 57}{space 4}-4.538714{col 70}{space 3} 2.474688
{txt}{space 15} {c |}
{space 5}state_fips {c |}
{space 13}4  {c |}{col 17}{res}{space 2}-2.543257{col 29}{space 2} 1.012485{col 40}{space 1}   -2.51{col 49}{space 3}0.012{col 57}{space 4}-4.530198{col 70}{space 3}-.5563157
{txt}{space 13}6  {c |}{col 17}{res}{space 2}-.2605194{col 29}{space 2} .5539401{col 40}{space 1}   -0.47{col 49}{space 3}0.638{col 57}{space 4}-1.347594{col 70}{space 3} .8265552
{txt}{space 13}8  {c |}{col 17}{res}{space 2}-.3606257{col 29}{space 2} .6329862{col 40}{space 1}   -0.57{col 49}{space 3}0.569{col 57}{space 4}-1.602824{col 70}{space 3} .8815723
{txt}{space 13}9  {c |}{col 17}{res}{space 2} .1513982{col 29}{space 2} .7257872{col 40}{space 1}    0.21{col 49}{space 3}0.835{col 57}{space 4}-1.272916{col 70}{space 3} 1.575713
{txt}{space 12}10  {c |}{col 17}{res}{space 2}-2.378559{col 29}{space 2} .7127438{col 40}{space 1}   -3.34{col 49}{space 3}0.001{col 57}{space 4}-3.777277{col 70}{space 3}-.9798419
{txt}{space 12}15  {c |}{col 17}{res}{space 2}-1.127905{col 29}{space 2} .7278654{col 40}{space 1}   -1.55{col 49}{space 3}0.122{col 57}{space 4}-2.556298{col 70}{space 3} .3004875
{txt}{space 12}16  {c |}{col 17}{res}{space 2}-1.553486{col 29}{space 2} 1.042905{col 40}{space 1}   -1.49{col 49}{space 3}0.137{col 57}{space 4}-3.600126{col 70}{space 3} .4931538
{txt}{space 12}17  {c |}{col 17}{res}{space 2}-2.962064{col 29}{space 2} .7871451{col 40}{space 1}   -3.76{col 49}{space 3}0.000{col 57}{space 4}-4.506789{col 70}{space 3}-1.417338
{txt}{space 12}18  {c |}{col 17}{res}{space 2}-2.028698{col 29}{space 2} .9176096{col 40}{space 1}   -2.21{col 49}{space 3}0.027{col 57}{space 4}-3.829453{col 70}{space 3}-.2279439
{txt}{space 12}19  {c |}{col 17}{res}{space 2}-1.239611{col 29}{space 2} .7923994{col 40}{space 1}   -1.56{col 49}{space 3}0.118{col 57}{space 4}-2.794648{col 70}{space 3} .3154263
{txt}{space 12}20  {c |}{col 17}{res}{space 2}-1.995217{col 29}{space 2} .8681809{col 40}{space 1}   -2.30{col 49}{space 3}0.022{col 57}{space 4}-3.698971{col 70}{space 3}-.2914635
{txt}{space 12}23  {c |}{col 17}{res}{space 2}-.3797573{col 29}{space 2} .9307433{col 40}{space 1}   -0.41{col 49}{space 3}0.683{col 57}{space 4}-2.206286{col 70}{space 3} 1.446771
{txt}{space 12}24  {c |}{col 17}{res}{space 2} -1.19789{col 29}{space 2} .6398517{col 40}{space 1}   -1.87{col 49}{space 3}0.061{col 57}{space 4}-2.453561{col 70}{space 3} .0577811
{txt}{space 12}25  {c |}{col 17}{res}{space 2}-3.203427{col 29}{space 2} .8947006{col 40}{space 1}   -3.58{col 49}{space 3}0.000{col 57}{space 4}-4.959224{col 70}{space 3}-1.447631
{txt}{space 12}26  {c |}{col 17}{res}{space 2} .2065304{col 29}{space 2} .7951364{col 40}{space 1}    0.26{col 49}{space 3}0.795{col 57}{space 4}-1.353878{col 70}{space 3} 1.766938
{txt}{space 12}27  {c |}{col 17}{res}{space 2} 2.120941{col 29}{space 2} .7977637{col 40}{space 1}    2.66{col 49}{space 3}0.008{col 57}{space 4} .5553766{col 70}{space 3} 3.686505
{txt}{space 12}29  {c |}{col 17}{res}{space 2}-2.533667{col 29}{space 2}  .961258{col 40}{space 1}   -2.64{col 49}{space 3}0.009{col 57}{space 4}-4.420079{col 70}{space 3}-.6472553
{txt}{space 12}30  {c |}{col 17}{res}{space 2}-1.223559{col 29}{space 2} .9458016{col 40}{space 1}   -1.29{col 49}{space 3}0.196{col 57}{space 4}-3.079639{col 70}{space 3} .6325204
{txt}{space 12}32  {c |}{col 17}{res}{space 2} 1.678588{col 29}{space 2} .7400297{col 40}{space 1}    2.27{col 49}{space 3}0.024{col 57}{space 4}  .226323{col 70}{space 3} 3.130852
{txt}{space 12}33  {c |}{col 17}{res}{space 2}-.5600153{col 29}{space 2} 1.002196{col 40}{space 1}   -0.56{col 49}{space 3}0.576{col 57}{space 4}-2.526766{col 70}{space 3} 1.406735
{txt}{space 12}34  {c |}{col 17}{res}{space 2} 2.163896{col 29}{space 2} 1.668819{col 40}{space 1}    1.30{col 49}{space 3}0.195{col 57}{space 4}-1.111062{col 70}{space 3} 5.438854
{txt}{space 12}35  {c |}{col 17}{res}{space 2}-2.833415{col 29}{space 2} 1.115925{col 40}{space 1}   -2.54{col 49}{space 3}0.011{col 57}{space 4}-5.023351{col 70}{space 3}-.6434791
{txt}{space 12}36  {c |}{col 17}{res}{space 2}-2.341444{col 29}{space 2} .6854289{col 40}{space 1}   -3.42{col 49}{space 3}0.001{col 57}{space 4}-3.686558{col 70}{space 3}-.9963306
{txt}{space 12}38  {c |}{col 17}{res}{space 2} 2.348363{col 29}{space 2} .8768941{col 40}{space 1}    2.68{col 49}{space 3}0.008{col 57}{space 4} .6275106{col 70}{space 3} 4.069216
{txt}{space 12}39  {c |}{col 17}{res}{space 2} .4755168{col 29}{space 2} .7753213{col 40}{space 1}    0.61{col 49}{space 3}0.540{col 57}{space 4}-1.046005{col 70}{space 3} 1.997039
{txt}{space 12}41  {c |}{col 17}{res}{space 2} .7553861{col 29}{space 2} .8030425{col 40}{space 1}    0.94{col 49}{space 3}0.347{col 57}{space 4}-.8205372{col 70}{space 3} 2.331309
{txt}{space 12}42  {c |}{col 17}{res}{space 2}-2.863272{col 29}{space 2} .8136343{col 40}{space 1}   -3.52{col 49}{space 3}0.000{col 57}{space 4}-4.459981{col 70}{space 3}-1.266563
{txt}{space 12}44  {c |}{col 17}{res}{space 2} -2.68485{col 29}{space 2}  .941959{col 40}{space 1}   -2.85{col 49}{space 3}0.004{col 57}{space 4}-4.533389{col 70}{space 3}-.8363115
{txt}{space 12}46  {c |}{col 17}{res}{space 2}-.7738749{col 29}{space 2} .9895486{col 40}{space 1}   -0.78{col 49}{space 3}0.434{col 57}{space 4}-2.715805{col 70}{space 3} 1.168055
{txt}{space 12}49  {c |}{col 17}{res}{space 2}-1.511049{col 29}{space 2} .9749434{col 40}{space 1}   -1.55{col 49}{space 3}0.121{col 57}{space 4}-3.424318{col 70}{space 3} .4022197
{txt}{space 12}50  {c |}{col 17}{res}{space 2} -.400382{col 29}{space 2} .7830946{col 40}{space 1}   -0.51{col 49}{space 3}0.609{col 57}{space 4}-1.937159{col 70}{space 3} 1.136395
{txt}{space 12}53  {c |}{col 17}{res}{space 2} 1.483544{col 29}{space 2} .7402173{col 40}{space 1}    2.00{col 49}{space 3}0.045{col 57}{space 4} .0309111{col 70}{space 3} 2.936176
{txt}{space 12}55  {c |}{col 17}{res}{space 2} -.396614{col 29}{space 2} .8472768{col 40}{space 1}   -0.47{col 49}{space 3}0.640{col 57}{space 4}-2.059344{col 70}{space 3} 1.266116
{txt}{space 12}56  {c |}{col 17}{res}{space 2}-2.305469{col 29}{space 2} .8584995{col 40}{space 1}   -2.69{col 49}{space 3}0.007{col 57}{space 4}-3.990223{col 70}{space 3}-.6207148
{txt}{space 15} {c |}
{space 11}year {c |}
{space 10}1982  {c |}{col 17}{res}{space 2}-.5077657{col 29}{space 2} .7338088{col 40}{space 1}   -0.69{col 49}{space 3}0.489{col 57}{space 4}-1.947822{col 70}{space 3} .9322905
{txt}{space 10}1983  {c |}{col 17}{res}{space 2} 1.036787{col 29}{space 2} .5283766{col 40}{space 1}    1.96{col 49}{space 3}0.050{col 57}{space 4}-.0001204{col 70}{space 3} 2.073695
{txt}{space 10}1984  {c |}{col 17}{res}{space 2}-1.536858{col 29}{space 2} .6648541{col 40}{space 1}   -2.31{col 49}{space 3}0.021{col 57}{space 4}-2.841595{col 70}{space 3}-.2321214
{txt}{space 10}1985  {c |}{col 17}{res}{space 2} 1.091364{col 29}{space 2} .9267318{col 40}{space 1}    1.18{col 49}{space 3}0.239{col 57}{space 4}-.7272924{col 70}{space 3}  2.91002
{txt}{space 10}1986  {c |}{col 17}{res}{space 2}-1.337389{col 29}{space 2} .6431616{col 40}{space 1}   -2.08{col 49}{space 3}0.038{col 57}{space 4}-2.599556{col 70}{space 3}-.0752229
{txt}{space 10}1987  {c |}{col 17}{res}{space 2} -1.11596{col 29}{space 2} .6138821{col 40}{space 1}   -1.82{col 49}{space 3}0.069{col 57}{space 4}-2.320667{col 70}{space 3} .0887474
{txt}{space 10}1988  {c |}{col 17}{res}{space 2} .1453934{col 29}{space 2} .6219856{col 40}{space 1}    0.23{col 49}{space 3}0.815{col 57}{space 4}-1.075217{col 70}{space 3} 1.366003
{txt}{space 10}1989  {c |}{col 17}{res}{space 2} .5513322{col 29}{space 2} .7319079{col 40}{space 1}    0.75{col 49}{space 3}0.451{col 57}{space 4}-.8849936{col 70}{space 3} 1.987658
{txt}{space 10}1990  {c |}{col 17}{res}{space 2} 1.314514{col 29}{space 2} .7003923{col 40}{space 1}    1.88{col 49}{space 3}0.061{col 57}{space 4}-.0599643{col 70}{space 3} 2.688993
{txt}{space 10}1991  {c |}{col 17}{res}{space 2} .5413549{col 29}{space 2} .5249842{col 40}{space 1}    1.03{col 49}{space 3}0.303{col 57}{space 4}-.4888955{col 70}{space 3} 1.571605
{txt}{space 10}1992  {c |}{col 17}{res}{space 2} 1.446135{col 29}{space 2} .5311933{col 40}{space 1}    2.72{col 49}{space 3}0.007{col 57}{space 4} .4036994{col 70}{space 3}  2.48857
{txt}{space 10}1993  {c |}{col 17}{res}{space 2} .6689101{col 29}{space 2} .4997715{col 40}{space 1}    1.34{col 49}{space 3}0.181{col 57}{space 4}-.3118618{col 70}{space 3} 1.649682
{txt}{space 10}1994  {c |}{col 17}{res}{space 2}-.5192781{col 29}{space 2} .5450891{col 40}{space 1}   -0.95{col 49}{space 3}0.341{col 57}{space 4}-1.588983{col 70}{space 3}  .550427
{txt}{space 10}1995  {c |}{col 17}{res}{space 2} .0019159{col 29}{space 2} .5171467{col 40}{space 1}    0.00{col 49}{space 3}0.997{col 57}{space 4}-1.012954{col 70}{space 3} 1.016786
{txt}{space 10}1996  {c |}{col 17}{res}{space 2} .4046167{col 29}{space 2} .5719905{col 40}{space 1}    0.71{col 49}{space 3}0.479{col 57}{space 4}-.7178807{col 70}{space 3} 1.527114
{txt}{space 10}1997  {c |}{col 17}{res}{space 2}  .624787{col 29}{space 2} .5153458{col 40}{space 1}    1.21{col 49}{space 3}0.226{col 57}{space 4}-.3865485{col 70}{space 3} 1.636123
{txt}{space 10}1998  {c |}{col 17}{res}{space 2}-.9178648{col 29}{space 2} .6448047{col 40}{space 1}   -1.42{col 49}{space 3}0.155{col 57}{space 4}-2.183256{col 70}{space 3} .3475261
{txt}{space 10}1999  {c |}{col 17}{res}{space 2}-.3592908{col 29}{space 2} .6967835{col 40}{space 1}   -0.52{col 49}{space 3}0.606{col 57}{space 4}-1.726687{col 70}{space 3} 1.008106
{txt}{space 10}2000  {c |}{col 17}{res}{space 2} 1.250255{col 29}{space 2} .7074865{col 40}{space 1}    1.77{col 49}{space 3}0.078{col 57}{space 4}-.1381454{col 70}{space 3} 2.638655
{txt}{space 10}2001  {c |}{col 17}{res}{space 2} .8158381{col 29}{space 2} .6981037{col 40}{space 1}    1.17{col 49}{space 3}0.243{col 57}{space 4} -.554149{col 70}{space 3} 2.185825
{txt}{space 10}2002  {c |}{col 17}{res}{space 2} 1.232936{col 29}{space 2} .7916712{col 40}{space 1}    1.56{col 49}{space 3}0.120{col 57}{space 4}-.3206722{col 70}{space 3} 2.786544
{txt}{space 10}2003  {c |}{col 17}{res}{space 2} .7715748{col 29}{space 2} .7411726{col 40}{space 1}    1.04{col 49}{space 3}0.298{col 57}{space 4}-.6829325{col 70}{space 3} 2.226082
{txt}{space 10}2004  {c |}{col 17}{res}{space 2} 1.026846{col 29}{space 2} .7837197{col 40}{space 1}    1.31{col 49}{space 3}0.190{col 57}{space 4}-.5111578{col 70}{space 3} 2.564849
{txt}{space 10}2005  {c |}{col 17}{res}{space 2} 1.581441{col 29}{space 2} .9705438{col 40}{space 1}    1.63{col 49}{space 3}0.104{col 57}{space 4}-.3231932{col 70}{space 3} 3.486076
{txt}{space 10}2006  {c |}{col 17}{res}{space 2} 1.848748{col 29}{space 2} .9337408{col 40}{space 1}    1.98{col 49}{space 3}0.048{col 57}{space 4} .0163369{col 70}{space 3} 3.681159
{txt}{space 10}2007  {c |}{col 17}{res}{space 2} .9635932{col 29}{space 2} .8881634{col 40}{space 1}    1.08{col 49}{space 3}0.278{col 57}{space 4}-.7793749{col 70}{space 3} 2.706561
{txt}{space 10}2008  {c |}{col 17}{res}{space 2}  1.38399{col 29}{space 2} .9184119{col 40}{space 1}    1.51{col 49}{space 3}0.132{col 57}{space 4}-.4183394{col 70}{space 3} 3.186319
{txt}{space 10}2009  {c |}{col 17}{res}{space 2} .7690378{col 29}{space 2} .8778802{col 40}{space 1}    0.88{col 49}{space 3}0.381{col 57}{space 4}-.9537501{col 70}{space 3} 2.491826
{txt}{space 10}2010  {c |}{col 17}{res}{space 2} 1.267112{col 29}{space 2} 1.001508{col 40}{space 1}    1.27{col 49}{space 3}0.206{col 57}{space 4}-.6982891{col 70}{space 3} 3.232513
{txt}{space 15} {c |}
{space 10}_cons {c |}{col 17}{res}{space 2} 35.09026{col 29}{space 2} 7.041892{col 40}{space 1}    4.98{col 49}{space 3}0.000{col 57}{space 4} 21.27096{col 70}{space 3} 48.90955
{txt}{hline 16}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. 
. 
. predict hvdhatallpost if year>1980 & nonsouth==1
{txt}(option xb assumed; fitted values)
(2,300 missing values generated)

{com}. 
. * 
. 
. 
. * TESTING PARTISAN COMPETITION ERROR CORRECTION RATE *
. 
. test l.hvd = 0 

{p 0 7}{space 1}{text:( 1)}{space 1} {res}L.hvd = 0{p_end}

{txt}       F(  1,   959) ={res}   35.96
{txt}{col 13}Prob > F ={res}    0.0000
{txt}
{com}. 
. 
. * TESTING PARTISAN COMPETITION FOR COINTEGRATION VIA LONG-RUN COEFFICIENT JOINT EQUALITY WITH ZERO (WEAK EXOGENEITY) *
. 
. test l.hvd = l.real_pc_inc_ann = 0

{p 0 7}{space 1}{text:( 1)}{space 1} {res}L.hvd - L.real_pc_inc_ann = 0{p_end}
{p 0 7}{space 1}{text:( 2)}{space 1} L.hvd = 0{p_end}

{txt}       F(  2,   959) ={res}   19.53
{txt}{col 13}Prob > F ={res}    0.0000
{txt}
{com}. 
. 
. * ESTIMATING CUMULATIVE SHORT-RUN EFFECTS FOR NON-LEFT-HAND SIDE VARIABLE *
. 
. lincom  d.real_pc_inc_ann  +  l.d.real_pc_inc_ann  +  l2.d.real_pc_inc_ann 

{p 0 7}{space 1}{text:( 1)}{space 1} {res}D.real_pc_inc_ann + LD.real_pc_inc_ann + L2D.real_pc_inc_ann = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}       D.hvd{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.0012386{col 26}{space 2} .0004492{col 37}{space 1}   -2.76{col 46}{space 3}0.006{col 54}{space 4}  -.00212{col 67}{space 3}-.0003571
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. 
. 
. * TESTING FOR LONG-RUN MULTIPLIER EFFECT *
. 
. nlcom _b[l.real_pc_inc_ann]/-_b[l.hvd]

       {txt}_nl_1:  {res}_b[l.real_pc_inc_ann]/-_b[l.hvd]

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}       D.hvd{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      z{col 46}   P>|z|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 7}_nl_1 {c |}{col 14}{res}{space 2} -.000615{col 26}{space 2} .0003595{col 37}{space 1}   -1.71{col 46}{space 3}0.087{col 54}{space 4}-.0013196{col 67}{space 3} .0000897
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. 
. 
. 
. sum real_pc_inc_ann  hvd  if hvdhatallpost!=. & year > 1980 & nonsouth==1, detail

        {txt}Per Capita Annual Income (1982-1984 Constant
                          Dollars)
{hline 61}
      Percentiles      Smallest
 1%    {res} 10349.35       9970.614
{txt} 5%    {res}  11363.4       10079.15
{txt}10%    {res} 12160.16        10212.7       {txt}Obs         {res}      1,039
{txt}25%    {res} 13655.32       10259.88       {txt}Sum of Wgt. {res}      1,039

{txt}50%    {res} 15761.45                      {txt}Mean          {res} 15898.16
                        {txt}Largest       Std. Dev.     {res} 2995.296
{txt}75%    {res} 17698.39       24873.97
{txt}90%    {res} 19736.49       25955.62       {txt}Variance      {res}  8971799
{txt}95%    {res} 21227.41       26455.53       {txt}Skewness      {res} .5338244
{txt}99%    {res} 24217.59       26940.36       {txt}Kurtosis      {res} 3.193749

                             {txt}hvd
{hline 61}
      Percentiles      Smallest
 1%    {res} 62.29807       60.90635
{txt} 5%    {res} 66.43603       60.90635
{txt}10%    {res} 67.99548        61.0847       {txt}Obs         {res}      1,039
{txt}25%    {res} 70.67352        61.0847       {txt}Sum of Wgt. {res}      1,039

{txt}50%    {res}  73.9899                      {txt}Mean          {res} 73.46892
                        {txt}Largest       Std. Dev.     {res} 4.260406
{txt}75%    {res} 76.30724            100
{txt}90%    {res} 77.97682            100       {txt}Variance      {res} 18.15106
{txt}95%    {res} 79.16164            100       {txt}Skewness      {res} .5363147
{txt}99%    {res} 81.45831            100       {txt}Kurtosis      {res} 8.077968
{txt}
{com}. 
. 
. 
. * TOTAL/DYNAMIC MULTIPLIER & BASELINE LONG-RUN EFFECTS  OF  real_pc_inc_ann ON hvd:  75TH PERCENTILE VALUE OF real_pc_inc_ann MINUS 25TH PERCENTILE VALUE OF real_pc_inc_ann FOR EFFECTIVE SAMPLE PERIOD 
. 
. 
. nlcom  (_b[l.real_pc_inc_ann] / -_b[l.hvd])*17661.71   -  (_b[l.real_pc_inc_ann] / -_b[l.hvd])*13630.93

       {txt}_nl_1:  {res}(_b[l.real_pc_inc_ann] / -_b[l.hvd])*17661.71 - (_b[l.real_pc_inc_ann] / -_b[l.hvd])*13630.93

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}       D.hvd{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      z{col 46}   P>|z|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 7}_nl_1 {c |}{col 14}{res}{space 2}-2.478777{col 26}{space 2} 1.449148{col 37}{space 1}   -1.71{col 46}{space 3}0.087{col 54}{space 4}-5.319055{col 67}{space 3} .3615016
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. 
. 
. restore
{txt}
{com}. 
. ******************************************************************************
. ******************************************************************************
. ******************************************************************************
. ******************************************************************************
. ******************************************************************************
. ******************************************************************************
. ******************************************************************************
. ******************************************************************************
. ******************************************************************************
. ******************************************************************************
. 
. 
. preserve
{txt}
{com}. 
. 
. ******************************************************************************
. ******************************************************************************
. ******************************************************************************
. ******************************************************************************
. ******************************************************************************
. ******************************************************************************
. ******************************************************************************
. ******************************************************************************
. ******************************************************************************
. ******************************************************************************
. 
. 
. 
. 
. 
. // (4,3)  MODEL
. 
. 
. 
. *** II.A: SOUTHERN STATES (N = 14): FULL TIME PERIOD (1942 - 2010) ***
. 
. ***********************************************************************************************************************************************************************************************************
. ***********************************************************************************************************************************************************************************************************
. ***********************************************************************************************************************************************************************************************************
. ***********************************************************************************************************************************************************************************************************
. ***********************************************************************************************************************************************************************************************************
. ***********************************************************************************************************************************************************************************************************
. 
. 
. 
. 
. // (4,3)  MODEL
. 
. 
. 
. 
. *** II.C: SOUTHERN STATES (N = 14): POST-PARTISAN ALIGNMENT TIME PERIOD (1981 - 2010) ***
. 
. 
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. 
. qui reg d.real_pc_inc_ann  l.real_pc_inc_ann l.hvd   l.d.real_pc_inc_ann d.hvd  l2.d.real_pc_inc_ann  l.d.hvd  l3.d.real_pc_inc_ann l2.d.hvd l.csi_perc_cap_outlays l.d.csi_perc_cap_outlays l.right_to_work l.d.right_to_work  l.csi_welf_perc_total l.d.csi_welf_perc_total l.nonfarm_persinc l.d.nonfarm_persinc l.gov_party l.d.gov_party l.dem_unified l.d.dem_unified l.rep_unified l.d.rep_unified i.state_fips i.year if year >1980 & nonsouth==0
{txt}
{com}. estat ic

Akaike's information criterion and Bayesian information criterion

{txt}{hline 13}{c TT}{hline 63}
       Model {c |}        Obs  ll(null)  ll(model)      df         AIC        BIC
{hline 13}{c +}{hline 63}
{ralign 12:.}{col 14}{c |}{res}{col 16}       420{col 27} -2982.74{col 38}-2742.289{col 49}    65{col 58} 5614.578{col 69} 5877.195
{txt}{hline 13}{c BT}{hline 63}
{p 15 21 2}
Note: N=Obs used in calculating BIC; see {helpb bic_note:[R] BIC note}.
{p_end}

{com}. 
. 
. ******INCOME EQUATION*********
. 
. newey d.real_pc_inc_ann  l.real_pc_inc_ann l.hvd   l.d.real_pc_inc_ann d.hvd  l2.d.real_pc_inc_ann  l.d.hvd  l3.d.real_pc_inc_ann l2.d.hvd l.csi_perc_cap_outlays l.d.csi_perc_cap_outlays l.right_to_work l.d.right_to_work  l.csi_welf_perc_total l.d.csi_welf_perc_total l.nonfarm_persinc l.d.nonfarm_persinc l.gov_party l.d.gov_party l.dem_unified l.d.dem_unified l.rep_unified l.d.rep_unified i.state_fips i.year if year >1980 & nonsouth==0, lag(5) force

{txt}Regression with Newey-West standard errors{col 49}Number of obs{col 67}= {res}       420
{txt}maximum lag: {res}5{col 49}{txt}F( 64,       355){col 67}= {res}     34.34
{col 49}{txt}Prob > F{col 67}= {res}    0.0000

{txt}{hline 21}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 22}{c |}{col 34}  Newey-West
{col 1}   D.real_pc_inc_ann{col 22}{c |}      Coef.{col 34}   Std. Err.{col 46}      t{col 54}   P>|t|{col 62}     [95% Con{col 75}f. Interval]
{hline 21}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 5}real_pc_inc_ann {c |}
{space 17}L1. {c |}{col 22}{res}{space 2}-.1510399{col 34}{space 2} .0238763{col 45}{space 1}   -6.33{col 54}{space 3}0.000{col 62}{space 4}-.1979968{col 75}{space 3}-.1040831
{txt}{space 20} {c |}
{space 17}hvd {c |}
{space 17}L1. {c |}{col 22}{res}{space 2}-5.062918{col 34}{space 2} 2.838164{col 45}{space 1}   -1.78{col 54}{space 3}0.075{col 62}{space 4}-10.64465{col 75}{space 3}  .518811
{txt}{space 20} {c |}
{space 5}real_pc_inc_ann {c |}
{space 17}LD. {c |}{col 22}{res}{space 2} .1890912{col 34}{space 2} .1076557{col 45}{space 1}    1.76{col 54}{space 3}0.080{col 62}{space 4} -.022632{col 75}{space 3} .4008143
{txt}{space 20} {c |}
{space 17}hvd {c |}
{space 17}D1. {c |}{col 22}{res}{space 2}-3.847098{col 34}{space 2} 3.159056{col 45}{space 1}   -1.22{col 54}{space 3}0.224{col 62}{space 4}-10.05992{col 75}{space 3}  2.36572
{txt}{space 20} {c |}
{space 5}real_pc_inc_ann {c |}
{space 16}L2D. {c |}{col 22}{res}{space 2} .2576233{col 34}{space 2} .1040973{col 45}{space 1}    2.47{col 54}{space 3}0.014{col 62}{space 4} .0528985{col 75}{space 3} .4623481
{txt}{space 20} {c |}
{space 17}hvd {c |}
{space 17}LD. {c |}{col 22}{res}{space 2}  2.26232{col 34}{space 2} 2.797064{col 45}{space 1}    0.81{col 54}{space 3}0.419{col 62}{space 4}-3.238579{col 75}{space 3}  7.76322
{txt}{space 20} {c |}
{space 5}real_pc_inc_ann {c |}
{space 16}L3D. {c |}{col 22}{res}{space 2}-.0049051{col 34}{space 2} .0745239{col 45}{space 1}   -0.07{col 54}{space 3}0.948{col 62}{space 4} -.151469{col 75}{space 3} .1416588
{txt}{space 20} {c |}
{space 17}hvd {c |}
{space 16}L2D. {c |}{col 22}{res}{space 2} 1.506317{col 34}{space 2} 1.819783{col 45}{space 1}    0.83{col 54}{space 3}0.408{col 62}{space 4}-2.072592{col 75}{space 3} 5.085227
{txt}{space 20} {c |}
csi_perc_cap_outlays {c |}
{space 17}L1. {c |}{col 22}{res}{space 2}-177.6435{col 34}{space 2} 795.2887{col 45}{space 1}   -0.22{col 54}{space 3}0.823{col 62}{space 4}-1741.713{col 75}{space 3} 1386.426
{txt}{space 17}LD. {c |}{col 22}{res}{space 2} 440.0693{col 34}{space 2} 1027.607{col 45}{space 1}    0.43{col 54}{space 3}0.669{col 62}{space 4}-1580.893{col 75}{space 3} 2461.032
{txt}{space 20} {c |}
{space 7}right_to_work {c |}
{space 17}L1. {c |}{col 22}{res}{space 2} 96.49023{col 34}{space 2}  69.8624{col 45}{space 1}    1.38{col 54}{space 3}0.168{col 62}{space 4}-40.90597{col 75}{space 3} 233.8864
{txt}{space 17}LD. {c |}{col 22}{res}{space 2}-228.7441{col 34}{space 2} 59.51164{col 45}{space 1}   -3.84{col 54}{space 3}0.000{col 62}{space 4}-345.7838{col 75}{space 3}-111.7044
{txt}{space 20} {c |}
{space 1}csi_welf_perc_total {c |}
{space 17}L1. {c |}{col 22}{res}{space 2}-568.7924{col 34}{space 2} 560.2429{col 45}{space 1}   -1.02{col 54}{space 3}0.311{col 62}{space 4}-1670.605{col 75}{space 3} 533.0198
{txt}{space 17}LD. {c |}{col 22}{res}{space 2}-892.3041{col 34}{space 2}  922.276{col 45}{space 1}   -0.97{col 54}{space 3}0.334{col 62}{space 4}-2706.116{col 75}{space 3} 921.5075
{txt}{space 20} {c |}
{space 5}nonfarm_persinc {c |}
{space 17}L1. {c |}{col 22}{res}{space 2}-1264.926{col 34}{space 2} 3633.835{col 45}{space 1}   -0.35{col 54}{space 3}0.728{col 62}{space 4}-8411.476{col 75}{space 3} 5881.624
{txt}{space 17}LD. {c |}{col 22}{res}{space 2}  6691.81{col 34}{space 2} 2987.533{col 45}{space 1}    2.24{col 54}{space 3}0.026{col 62}{space 4} 816.3214{col 75}{space 3}  12567.3
{txt}{space 20} {c |}
{space 11}gov_party {c |}
{space 17}L1. {c |}{col 22}{res}{space 2} 27.39797{col 34}{space 2}  37.5053{col 45}{space 1}    0.73{col 54}{space 3}0.466{col 62}{space 4}-46.36254{col 75}{space 3} 101.1585
{txt}{space 17}LD. {c |}{col 22}{res}{space 2} 95.79634{col 34}{space 2} 60.15147{col 45}{space 1}    1.59{col 54}{space 3}0.112{col 62}{space 4}-22.50168{col 75}{space 3} 214.0944
{txt}{space 20} {c |}
{space 9}dem_unified {c |}
{space 17}L1. {c |}{col 22}{res}{space 2} 3.557017{col 34}{space 2} 45.38489{col 45}{space 1}    0.08{col 54}{space 3}0.938{col 62}{space 4}-85.70004{col 75}{space 3} 92.81407
{txt}{space 17}LD. {c |}{col 22}{res}{space 2}-80.17264{col 34}{space 2} 58.86945{col 45}{space 1}   -1.36{col 54}{space 3}0.174{col 62}{space 4}-195.9494{col 75}{space 3} 35.60408
{txt}{space 20} {c |}
{space 9}rep_unified {c |}
{space 17}L1. {c |}{col 22}{res}{space 2}-67.13974{col 34}{space 2}  53.1945{col 45}{space 1}   -1.26{col 54}{space 3}0.208{col 62}{space 4}-171.7557{col 75}{space 3} 37.47622
{txt}{space 17}LD. {c |}{col 22}{res}{space 2}  56.7802{col 34}{space 2} 73.01246{col 45}{space 1}    0.78{col 54}{space 3}0.437{col 62}{space 4}-86.81114{col 75}{space 3} 200.3715
{txt}{space 20} {c |}
{space 10}state_fips {c |}
{space 18}5  {c |}{col 22}{res}{space 2} -64.1618{col 34}{space 2} 88.74348{col 45}{space 1}   -0.72{col 54}{space 3}0.470{col 62}{space 4}-238.6908{col 75}{space 3} 110.3672
{txt}{space 17}12  {c |}{col 22}{res}{space 2} 463.9537{col 34}{space 2} 75.08026{col 45}{space 1}    6.18{col 54}{space 3}0.000{col 62}{space 4} 316.2956{col 75}{space 3} 611.6117
{txt}{space 17}13  {c |}{col 22}{res}{space 2} 227.5659{col 34}{space 2} 59.31631{col 45}{space 1}    3.84{col 54}{space 3}0.000{col 62}{space 4} 110.9104{col 75}{space 3} 344.2215
{txt}{space 17}21  {c |}{col 22}{res}{space 2} 72.96564{col 34}{space 2} 79.68152{col 45}{space 1}    0.92{col 54}{space 3}0.360{col 62}{space 4}-83.74153{col 75}{space 3} 229.6728
{txt}{space 17}22  {c |}{col 22}{res}{space 2} 107.5889{col 34}{space 2}  67.4206{col 45}{space 1}    1.60{col 54}{space 3}0.111{col 62}{space 4}-25.00508{col 75}{space 3} 240.1829
{txt}{space 17}28  {c |}{col 22}{res}{space 2}-207.5218{col 34}{space 2} 51.27872{col 45}{space 1}   -4.05{col 54}{space 3}0.000{col 62}{space 4}  -308.37{col 75}{space 3}-106.6735
{txt}{space 17}37  {c |}{col 22}{res}{space 2} 187.0995{col 34}{space 2} 43.76376{col 45}{space 1}    4.28{col 54}{space 3}0.000{col 62}{space 4} 101.0306{col 75}{space 3} 273.1683
{txt}{space 17}40  {c |}{col 22}{res}{space 2} 113.5026{col 34}{space 2} 50.62943{col 45}{space 1}    2.24{col 54}{space 3}0.026{col 62}{space 4} 13.93124{col 75}{space 3} 213.0739
{txt}{space 17}45  {c |}{col 22}{res}{space 2} -7.82418{col 34}{space 2} 36.13096{col 45}{space 1}   -0.22{col 54}{space 3}0.829{col 62}{space 4}-78.88182{col 75}{space 3} 63.23346
{txt}{space 17}47  {c |}{col 22}{res}{space 2} 194.4911{col 34}{space 2} 69.32274{col 45}{space 1}    2.81{col 54}{space 3}0.005{col 62}{space 4} 58.15622{col 75}{space 3}  330.826
{txt}{space 17}48  {c |}{col 22}{res}{space 2} 329.8355{col 34}{space 2} 66.05817{col 45}{space 1}    4.99{col 54}{space 3}0.000{col 62}{space 4} 199.9209{col 75}{space 3}   459.75
{txt}{space 17}51  {c |}{col 22}{res}{space 2} 618.7893{col 34}{space 2} 98.81872{col 45}{space 1}    6.26{col 54}{space 3}0.000{col 62}{space 4} 424.4456{col 75}{space 3}  813.133
{txt}{space 17}54  {c |}{col 22}{res}{space 2}-11.71428{col 34}{space 2} 82.96087{col 45}{space 1}   -0.14{col 54}{space 3}0.888{col 62}{space 4}-174.8709{col 75}{space 3} 151.4423
{txt}{space 20} {c |}
{space 16}year {c |}
{space 15}1982  {c |}{col 22}{res}{space 2}-26.61368{col 34}{space 2} 87.11508{col 45}{space 1}   -0.31{col 54}{space 3}0.760{col 62}{space 4}-197.9402{col 75}{space 3} 144.7128
{txt}{space 15}1983  {c |}{col 22}{res}{space 2} 42.14741{col 34}{space 2} 111.8884{col 45}{space 1}    0.38{col 54}{space 3}0.707{col 62}{space 4}   -177.9{col 75}{space 3} 262.1948
{txt}{space 15}1984  {c |}{col 22}{res}{space 2} 388.9125{col 34}{space 2}  85.6567{col 45}{space 1}    4.54{col 54}{space 3}0.000{col 62}{space 4} 220.4541{col 75}{space 3} 557.3709
{txt}{space 15}1985  {c |}{col 22}{res}{space 2}  130.281{col 34}{space 2} 111.7219{col 45}{space 1}    1.17{col 54}{space 3}0.244{col 62}{space 4}-89.43904{col 75}{space 3} 350.0011
{txt}{space 15}1986  {c |}{col 22}{res}{space 2} 57.60217{col 34}{space 2} 105.3775{col 45}{space 1}    0.55{col 54}{space 3}0.585{col 62}{space 4}-149.6404{col 75}{space 3} 264.8448
{txt}{space 15}1987  {c |}{col 22}{res}{space 2} 55.97434{col 34}{space 2} 93.10026{col 45}{space 1}    0.60{col 54}{space 3}0.548{col 62}{space 4}-127.1231{col 75}{space 3} 239.0717
{txt}{space 15}1988  {c |}{col 22}{res}{space 2} 376.7031{col 34}{space 2} 90.57368{col 45}{space 1}    4.16{col 54}{space 3}0.000{col 62}{space 4} 198.5747{col 75}{space 3} 554.8316
{txt}{space 15}1989  {c |}{col 22}{res}{space 2} 334.8096{col 34}{space 2} 112.9396{col 45}{space 1}    2.96{col 54}{space 3}0.003{col 62}{space 4} 112.6947{col 75}{space 3} 556.9245
{txt}{space 15}1990  {c |}{col 22}{res}{space 2} 63.28041{col 34}{space 2} 114.9188{col 45}{space 1}    0.55{col 54}{space 3}0.582{col 62}{space 4}-162.7267{col 75}{space 3} 289.2876
{txt}{space 15}1991  {c |}{col 22}{res}{space 2} 52.06353{col 34}{space 2} 98.16354{col 45}{space 1}    0.53{col 54}{space 3}0.596{col 62}{space 4}-140.9917{col 75}{space 3} 245.1187
{txt}{space 15}1992  {c |}{col 22}{res}{space 2} 545.5794{col 34}{space 2} 106.7804{col 45}{space 1}    5.11{col 54}{space 3}0.000{col 62}{space 4} 335.5778{col 75}{space 3}  755.581
{txt}{space 15}1993  {c |}{col 22}{res}{space 2} 321.4234{col 34}{space 2} 141.2187{col 45}{space 1}    2.28{col 54}{space 3}0.023{col 62}{space 4} 43.69294{col 75}{space 3} 599.1539
{txt}{space 15}1994  {c |}{col 22}{res}{space 2} 435.0971{col 34}{space 2} 125.6778{col 45}{space 1}    3.46{col 54}{space 3}0.001{col 62}{space 4} 187.9305{col 75}{space 3} 682.2636
{txt}{space 15}1995  {c |}{col 22}{res}{space 2} 421.6434{col 34}{space 2} 135.3402{col 45}{space 1}    3.12{col 54}{space 3}0.002{col 62}{space 4} 155.4739{col 75}{space 3} 687.8129
{txt}{space 15}1996  {c |}{col 22}{res}{space 2} 459.6701{col 34}{space 2} 130.7645{col 45}{space 1}    3.52{col 54}{space 3}0.000{col 62}{space 4} 202.4997{col 75}{space 3} 716.8406
{txt}{space 15}1997  {c |}{col 22}{res}{space 2} 598.6194{col 34}{space 2} 138.7969{col 45}{space 1}    4.31{col 54}{space 3}0.000{col 62}{space 4} 325.6519{col 75}{space 3} 871.5868
{txt}{space 15}1998  {c |}{col 22}{res}{space 2} 864.0099{col 34}{space 2} 147.1364{col 45}{space 1}    5.87{col 54}{space 3}0.000{col 62}{space 4} 574.6413{col 75}{space 3} 1153.379
{txt}{space 15}1999  {c |}{col 22}{res}{space 2} 515.7631{col 34}{space 2} 169.3547{col 45}{space 1}    3.05{col 54}{space 3}0.002{col 62}{space 4} 182.6985{col 75}{space 3} 848.8277
{txt}{space 15}2000  {c |}{col 22}{res}{space 2} 753.5031{col 34}{space 2} 154.8355{col 45}{space 1}    4.87{col 54}{space 3}0.000{col 62}{space 4}  448.993{col 75}{space 3} 1058.013
{txt}{space 15}2001  {c |}{col 22}{res}{space 2} 636.1301{col 34}{space 2} 175.1215{col 45}{space 1}    3.63{col 54}{space 3}0.000{col 62}{space 4} 291.7242{col 75}{space 3} 980.5361
{txt}{space 15}2002  {c |}{col 22}{res}{space 2} 483.1662{col 34}{space 2} 157.1883{col 45}{space 1}    3.07{col 54}{space 3}0.002{col 62}{space 4} 174.0288{col 75}{space 3} 792.3036
{txt}{space 15}2003  {c |}{col 22}{res}{space 2}  640.483{col 34}{space 2} 159.4127{col 45}{space 1}    4.02{col 54}{space 3}0.000{col 62}{space 4} 326.9709{col 75}{space 3}  953.995
{txt}{space 15}2004  {c |}{col 22}{res}{space 2} 1013.811{col 34}{space 2} 180.8326{col 45}{space 1}    5.61{col 54}{space 3}0.000{col 62}{space 4} 658.1731{col 75}{space 3} 1369.449
{txt}{space 15}2005  {c |}{col 22}{res}{space 2} 916.5006{col 34}{space 2}  206.343{col 45}{space 1}    4.44{col 54}{space 3}0.000{col 62}{space 4} 510.6923{col 75}{space 3} 1322.309
{txt}{space 15}2006  {c |}{col 22}{res}{space 2} 1063.064{col 34}{space 2} 207.3284{col 45}{space 1}    5.13{col 54}{space 3}0.000{col 62}{space 4} 655.3182{col 75}{space 3} 1470.811
{txt}{space 15}2007  {c |}{col 22}{res}{space 2} 917.9522{col 34}{space 2} 203.6041{col 45}{space 1}    4.51{col 54}{space 3}0.000{col 62}{space 4} 517.5302{col 75}{space 3} 1318.374
{txt}{space 15}2008  {c |}{col 22}{res}{space 2}  760.066{col 34}{space 2}  242.288{col 45}{space 1}    3.14{col 54}{space 3}0.002{col 62}{space 4} 283.5657{col 75}{space 3} 1236.566
{txt}{space 15}2009  {c |}{col 22}{res}{space 2} 98.17005{col 34}{space 2} 190.3701{col 45}{space 1}    0.52{col 54}{space 3}0.606{col 62}{space 4} -276.225{col 75}{space 3} 472.5651
{txt}{space 15}2010  {c |}{col 22}{res}{space 2} 1029.993{col 34}{space 2} 175.0746{col 45}{space 1}    5.88{col 54}{space 3}0.000{col 62}{space 4} 685.6794{col 75}{space 3} 1374.307
{txt}{space 20} {c |}
{space 15}_cons {c |}{col 22}{res}{space 2} 3176.253{col 34}{space 2} 3605.083{col 45}{space 1}    0.88{col 54}{space 3}0.379{col 62}{space 4}-3913.752{col 75}{space 3} 10266.26
{txt}{hline 21}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. predict real_pc_inc_annhatallpost if year>1980 & nonsouth==0
{txt}(option xb assumed; fitted values)
(2,919 missing values generated)

{com}. 
. 
. 
. * TESTING INCOME ERROR CORRECTION RATE *
. 
. test l.real_pc_inc_ann = 0 

{p 0 7}{space 1}{text:( 1)}{space 1} {res}L.real_pc_inc_ann = 0{p_end}

{txt}       F(  1,   355) ={res}   40.02
{txt}{col 13}Prob > F ={res}    0.0000
{txt}
{com}. 
. 
. * TESTING INCOME FOR COINTEGRATION VIA LONG-RUN COEFFICIENT JOINT EQUALITY WITH ZERO (WEAK EXOGENIETY)*
. 
. test l.real_pc_inc_ann = l.hvd = 0

{p 0 7}{space 1}{text:( 1)}{space 1} {res}L.real_pc_inc_ann - L.hvd = 0{p_end}
{p 0 7}{space 1}{text:( 2)}{space 1} L.real_pc_inc_ann = 0{p_end}

{txt}       F(  2,   355) ={res}   23.76
{txt}{col 13}Prob > F ={res}    0.0000
{txt}
{com}. 
. 
. 
. * ESTIMATING CUMULATIVE SHORT-RUN EFFECTS FOR NON-LEFT-HAND SIDE VARIABLE *
. 
. lincom  d.hvd +  l.d.hvd +  l2.d.hvd 

{p 0 7}{space 1}{text:( 1)}{space 1} {res}D.hvd + LD.hvd + L2D.hvd = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}D.          {col 14}{c |}
{col 1}real_pc_in~n{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.0784605{col 26}{space 2} 6.005108{col 37}{space 1}   -0.01{col 46}{space 3}0.990{col 54}{space 4}-11.88852{col 67}{space 3}  11.7316
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. 
. * TESTING FOR LONG-RUN MULTIPLIER EFFECT *
. 
. nlcom _b[l.hvd]/-_b[l.real_pc_inc_ann] 

       {txt}_nl_1:  {res}_b[l.hvd]/-_b[l.real_pc_inc_ann]

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}D.          {col 14}{c |}
{col 1}real_pc_in~n{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      z{col 46}   P>|z|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 7}_nl_1 {c |}{col 14}{res}{space 2}-33.52039{col 26}{space 2} 20.25643{col 37}{space 1}   -1.65{col 46}{space 3}0.098{col 54}{space 4}-73.22226{col 67}{space 3} 6.181481
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. 
. sum hvd real_pc_inc_ann  if real_pc_inc_annhatallpost!=. & year>1980 & nonsouth==0, detail

                             {txt}hvd
{hline 61}
      Percentiles      Smallest
 1%    {res} 61.06918       60.09558
{txt} 5%    {res}  62.7089       60.09558
{txt}10%    {res} 63.96697       60.28594       {txt}Obs         {res}        420
{txt}25%    {res} 66.99104       60.28594       {txt}Sum of Wgt. {res}        420

{txt}50%    {res} 71.02916                      {txt}Mean          {res} 71.70112
                        {txt}Largest       Std. Dev.     {res} 6.297144
{txt}75%    {res} 77.36566       87.73048
{txt}90%    {res} 80.47301       88.28371       {txt}Variance      {res} 39.65403
{txt}95%    {res} 81.81313       88.33681       {txt}Skewness      {res} .3767856
{txt}99%    {res}  87.2812       88.41774       {txt}Kurtosis      {res} 2.231836

        {txt}Per Capita Annual Income (1982-1984 Constant
                          Dollars)
{hline 61}
      Percentiles      Smallest
 1%    {res} 9164.067       8530.043
{txt} 5%    {res} 9893.871       8604.584
{txt}10%    {res}  10517.3       8624.711       {txt}Obs         {res}        420
{txt}25%    {res}    11966       9026.411       {txt}Sum of Wgt. {res}        420

{txt}50%    {res} 13484.73                      {txt}Mean          {res} 13632.63
                        {txt}Largest       Std. Dev.     {res} 2401.816
{txt}75%    {res} 15294.64       20300.61
{txt}90%    {res} 16587.38       20446.41       {txt}Variance      {res}  5768719
{txt}95%    {res} 17515.28       20757.53       {txt}Skewness      {res} .3038151
{txt}99%    {res} 20132.85       20864.72       {txt}Kurtosis      {res} 2.816816
{txt}
{com}. 
. 
. 
. * TOTAL/DYNAMIC MULTIPLIER & BASELINE LONG-RUN EFFECTS OF hvd ON real_pc_inc_ann:  75TH PERCENTILE VALUE OF hvd MINUS 25TH PERCENTILE VALUE OF hvd FOR EFFECTIVE SAMPLE PERIOD *
. 
. 
. nlcom  (_b[l.hvd] / - _b[l.real_pc_inc_ann])*83.33333  -  (_b[l.hvd]  / - _b[l.real_pc_inc_ann])*46.58065 

       {txt}_nl_1:  {res}(_b[l.hvd] / - _b[l.real_pc_inc_ann])*83.33333 - (_b[l.hvd]  / - _b[l.real_pc_inc_ann])*46.58065

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}D.          {col 14}{c |}
{col 1}real_pc_in~n{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      z{col 46}   P>|z|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 7}_nl_1 {c |}{col 14}{res}{space 2}-1231.964{col 26}{space 2}  744.478{col 37}{space 1}   -1.65{col 46}{space 3}0.098{col 54}{space 4}-2691.114{col 67}{space 3}  227.186
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. 
. 
. 
. 
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. 
. qui reg d.hvd  l.hvd l.real_pc_inc_ann l.d.hvd d.real_pc_inc_ann  l2.d.hvd  l.d.real_pc_inc_ann  l3.d.hvd l2.d.real_pc_inc_ann l.gov_party l.d.gov_party l.dem_unified l.d.dem_unified l.rep_unified l.d.rep_unified l.electedjudges1 l.d.electedjudges1 i.state_fips i.year if year >1980 & nonsouth==0
{txt}
{com}. estat ic

Akaike's information criterion and Bayesian information criterion

{txt}{hline 13}{c TT}{hline 63}
       Model {c |}        Obs  ll(null)  ll(model)      df         AIC        BIC
{hline 13}{c +}{hline 63}
{ralign 12:.}{col 14}{c |}{res}{col 16}       420{col 27}-1114.632{col 38}-1007.098{col 49}    59{col 58} 2132.196{col 69} 2370.571
{txt}{hline 13}{c BT}{hline 63}
{p 15 21 2}
Note: N=Obs used in calculating BIC; see {helpb bic_note:[R] BIC note}.
{p_end}

{com}. 
. 
. 
. ******PARTISAN COMPETITION EQUATION*********
. 
. 
. newey d.hvd  l.hvd l.real_pc_inc_ann l.d.hvd d.real_pc_inc_ann  l2.d.hvd  l.d.real_pc_inc_ann  l3.d.hvd l2.d.real_pc_inc_ann l.gov_party l.d.gov_party l.dem_unified l.d.dem_unified l.rep_unified l.d.rep_unified l.electedjudges1 l.d.electedjudges1 i.state_fips i.year if year >1980 & nonsouth==0, lag(5) force

{txt}Regression with Newey-West standard errors{col 49}Number of obs{col 67}= {res}       420
{txt}maximum lag: {res}5{col 49}{txt}F( 58,       361){col 67}= {res}      2.95
{col 49}{txt}Prob > F{col 67}= {res}    0.0000

{txt}{hline 16}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 17}{c |}{col 29}  Newey-West
{col 1}          D.hvd{col 17}{c |}      Coef.{col 29}   Std. Err.{col 41}      t{col 49}   P>|t|{col 57}     [95% Con{col 70}f. Interval]
{hline 16}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 12}hvd {c |}
{space 12}L1. {c |}{col 17}{res}{space 2}-.4459451{col 29}{space 2} .1062941{col 40}{space 1}   -4.20{col 49}{space 3}0.000{col 57}{space 4}-.6549785{col 70}{space 3}-.2369117
{txt}{space 15} {c |}
real_pc_inc_ann {c |}
{space 12}L1. {c |}{col 17}{res}{space 2} .0005843{col 29}{space 2}  .000321{col 40}{space 1}    1.82{col 49}{space 3}0.070{col 57}{space 4} -.000047{col 70}{space 3} .0012156
{txt}{space 15} {c |}
{space 12}hvd {c |}
{space 12}LD. {c |}{col 17}{res}{space 2}-.2166224{col 29}{space 2} .0658402{col 40}{space 1}   -3.29{col 49}{space 3}0.001{col 57}{space 4}-.3461008{col 70}{space 3} -.087144
{txt}{space 15} {c |}
real_pc_inc_ann {c |}
{space 12}D1. {c |}{col 17}{res}{space 2}-.0009875{col 29}{space 2} .0008327{col 40}{space 1}   -1.19{col 49}{space 3}0.236{col 57}{space 4}-.0026251{col 70}{space 3} .0006501
{txt}{space 15} {c |}
{space 12}hvd {c |}
{space 11}L2D. {c |}{col 17}{res}{space 2} .0034704{col 29}{space 2} .0577774{col 40}{space 1}    0.06{col 49}{space 3}0.952{col 57}{space 4}-.1101522{col 70}{space 3} .1170929
{txt}{space 15} {c |}
real_pc_inc_ann {c |}
{space 12}LD. {c |}{col 17}{res}{space 2}-.0003551{col 29}{space 2} .0006501{col 40}{space 1}   -0.55{col 49}{space 3}0.585{col 57}{space 4}-.0016337{col 70}{space 3} .0009234
{txt}{space 15} {c |}
{space 12}hvd {c |}
{space 11}L3D. {c |}{col 17}{res}{space 2}-.0639798{col 29}{space 2} .0511126{col 40}{space 1}   -1.25{col 49}{space 3}0.211{col 57}{space 4}-.1644955{col 70}{space 3}  .036536
{txt}{space 15} {c |}
real_pc_inc_ann {c |}
{space 11}L2D. {c |}{col 17}{res}{space 2}-.0002712{col 29}{space 2} .0008429{col 40}{space 1}   -0.32{col 49}{space 3}0.748{col 57}{space 4}-.0019289{col 70}{space 3} .0013865
{txt}{space 15} {c |}
{space 6}gov_party {c |}
{space 12}L1. {c |}{col 17}{res}{space 2} .6312349{col 29}{space 2} .5057185{col 40}{space 1}    1.25{col 49}{space 3}0.213{col 57}{space 4}-.3632894{col 70}{space 3} 1.625759
{txt}{space 12}LD. {c |}{col 17}{res}{space 2}-.7031061{col 29}{space 2} .7225866{col 40}{space 1}   -0.97{col 49}{space 3}0.331{col 57}{space 4}-2.124114{col 70}{space 3} .7179017
{txt}{space 15} {c |}
{space 4}dem_unified {c |}
{space 12}L1. {c |}{col 17}{res}{space 2} .5054471{col 29}{space 2} .5044294{col 40}{space 1}    1.00{col 49}{space 3}0.317{col 57}{space 4}-.4865421{col 70}{space 3} 1.497436
{txt}{space 12}LD. {c |}{col 17}{res}{space 2} .0310991{col 29}{space 2} .6927623{col 40}{space 1}    0.04{col 49}{space 3}0.964{col 57}{space 4}-1.331258{col 70}{space 3} 1.393456
{txt}{space 15} {c |}
{space 4}rep_unified {c |}
{space 12}L1. {c |}{col 17}{res}{space 2}-.2055096{col 29}{space 2} .8043068{col 40}{space 1}   -0.26{col 49}{space 3}0.798{col 57}{space 4}-1.787225{col 70}{space 3} 1.376206
{txt}{space 12}LD. {c |}{col 17}{res}{space 2} .4773372{col 29}{space 2}  1.32485{col 40}{space 1}    0.36{col 49}{space 3}0.719{col 57}{space 4}-2.128055{col 70}{space 3}  3.08273
{txt}{space 15} {c |}
{space 1}electedjudges1 {c |}
{space 12}L1. {c |}{col 17}{res}{space 2} -.029792{col 29}{space 2} .7564463{col 40}{space 1}   -0.04{col 49}{space 3}0.969{col 57}{space 4}-1.517387{col 70}{space 3} 1.457803
{txt}{space 12}LD. {c |}{col 17}{res}{space 2}-3.010573{col 29}{space 2} 2.911305{col 40}{space 1}   -1.03{col 49}{space 3}0.302{col 57}{space 4}-8.735822{col 70}{space 3} 2.714675
{txt}{space 15} {c |}
{space 5}state_fips {c |}
{space 13}5  {c |}{col 17}{res}{space 2} 4.639416{col 29}{space 2} 1.115613{col 40}{space 1}    4.16{col 49}{space 3}0.000{col 57}{space 4}   2.4455{col 70}{space 3} 6.833333
{txt}{space 12}12  {c |}{col 17}{res}{space 2} 1.884393{col 29}{space 2} 1.671007{col 40}{space 1}    1.13{col 49}{space 3}0.260{col 57}{space 4}-1.401738{col 70}{space 3} 5.170524
{txt}{space 12}13  {c |}{col 17}{res}{space 2}-3.361911{col 29}{space 2} .9453197{col 40}{space 1}   -3.56{col 49}{space 3}0.000{col 57}{space 4}-5.220936{col 70}{space 3}-1.502886
{txt}{space 12}21  {c |}{col 17}{res}{space 2} -.149338{col 29}{space 2} .5125943{col 40}{space 1}   -0.29{col 49}{space 3}0.771{col 57}{space 4}-1.157384{col 70}{space 3} .8587081
{txt}{space 12}22  {c |}{col 17}{res}{space 2} 5.472023{col 29}{space 2} 1.264783{col 40}{space 1}    4.33{col 49}{space 3}0.000{col 57}{space 4} 2.984756{col 70}{space 3}  7.95929
{txt}{space 12}28  {c |}{col 17}{res}{space 2} 1.593325{col 29}{space 2} 1.351688{col 40}{space 1}    1.18{col 49}{space 3}0.239{col 57}{space 4}-1.064847{col 70}{space 3} 4.251497
{txt}{space 12}37  {c |}{col 17}{res}{space 2} .2435186{col 29}{space 2} .5354679{col 40}{space 1}    0.45{col 49}{space 3}0.650{col 57}{space 4}-.8095097{col 70}{space 3} 1.296547
{txt}{space 12}40  {c |}{col 17}{res}{space 2} 3.937486{col 29}{space 2} 1.264838{col 40}{space 1}    3.11{col 49}{space 3}0.002{col 57}{space 4}  1.45011{col 70}{space 3} 6.424862
{txt}{space 12}45  {c |}{col 17}{res}{space 2}-1.819941{col 29}{space 2} 1.033316{col 40}{space 1}   -1.76{col 49}{space 3}0.079{col 57}{space 4}-3.852015{col 70}{space 3}  .212133
{txt}{space 12}47  {c |}{col 17}{res}{space 2}-.8122021{col 29}{space 2}  .887657{col 40}{space 1}   -0.91{col 49}{space 3}0.361{col 57}{space 4} -2.55783{col 70}{space 3}  .933426
{txt}{space 12}48  {c |}{col 17}{res}{space 2}-1.807523{col 29}{space 2} .8752214{col 40}{space 1}   -2.07{col 49}{space 3}0.040{col 57}{space 4}-3.528696{col 70}{space 3}-.0863505
{txt}{space 12}51  {c |}{col 17}{res}{space 2}-1.929197{col 29}{space 2} 1.799246{col 40}{space 1}   -1.07{col 49}{space 3}0.284{col 57}{space 4}-5.467517{col 70}{space 3} 1.609123
{txt}{space 12}54  {c |}{col 17}{res}{space 2} 1.946662{col 29}{space 2} .6004746{col 40}{space 1}    3.24{col 49}{space 3}0.001{col 57}{space 4} .7657944{col 70}{space 3}  3.12753
{txt}{space 15} {c |}
{space 11}year {c |}
{space 10}1982  {c |}{col 17}{res}{space 2}-.3441462{col 29}{space 2}   .81866{col 40}{space 1}   -0.42{col 49}{space 3}0.674{col 57}{space 4}-1.954088{col 70}{space 3} 1.265795
{txt}{space 10}1983  {c |}{col 17}{res}{space 2} .9034828{col 29}{space 2}  1.24774{col 40}{space 1}    0.72{col 49}{space 3}0.469{col 57}{space 4} -1.55027{col 70}{space 3} 3.357236
{txt}{space 10}1984  {c |}{col 17}{res}{space 2}-.1246518{col 29}{space 2} 1.487796{col 40}{space 1}   -0.08{col 49}{space 3}0.933{col 57}{space 4}-3.050488{col 70}{space 3} 2.801184
{txt}{space 10}1985  {c |}{col 17}{res}{space 2} .8952737{col 29}{space 2} 1.498415{col 40}{space 1}    0.60{col 49}{space 3}0.551{col 57}{space 4}-2.051444{col 70}{space 3} 3.841991
{txt}{space 10}1986  {c |}{col 17}{res}{space 2}  .342302{col 29}{space 2} 1.674786{col 40}{space 1}    0.20{col 49}{space 3}0.838{col 57}{space 4} -2.95126{col 70}{space 3} 3.635864
{txt}{space 10}1987  {c |}{col 17}{res}{space 2}-2.191678{col 29}{space 2} 1.034922{col 40}{space 1}   -2.12{col 49}{space 3}0.035{col 57}{space 4}-4.226912{col 70}{space 3}-.1564451
{txt}{space 10}1988  {c |}{col 17}{res}{space 2} .4951317{col 29}{space 2} 1.184994{col 40}{space 1}    0.42{col 49}{space 3}0.676{col 57}{space 4}-1.835227{col 70}{space 3}  2.82549
{txt}{space 10}1989  {c |}{col 17}{res}{space 2} .2273063{col 29}{space 2} 1.816197{col 40}{space 1}    0.13{col 49}{space 3}0.900{col 57}{space 4} -3.34435{col 70}{space 3} 3.798962
{txt}{space 10}1990  {c |}{col 17}{res}{space 2}-1.259867{col 29}{space 2}  1.15432{col 40}{space 1}   -1.09{col 49}{space 3}0.276{col 57}{space 4}-3.529902{col 70}{space 3} 1.010169
{txt}{space 10}1991  {c |}{col 17}{res}{space 2}-2.002511{col 29}{space 2} 1.331305{col 40}{space 1}   -1.50{col 49}{space 3}0.133{col 57}{space 4}-4.620598{col 70}{space 3} .6155757
{txt}{space 10}1992  {c |}{col 17}{res}{space 2}-.7963852{col 29}{space 2} 1.012986{col 40}{space 1}   -0.79{col 49}{space 3}0.432{col 57}{space 4}-2.788479{col 70}{space 3} 1.195709
{txt}{space 10}1993  {c |}{col 17}{res}{space 2}-1.285843{col 29}{space 2} .9543377{col 40}{space 1}   -1.35{col 49}{space 3}0.179{col 57}{space 4}-3.162602{col 70}{space 3} .5909168
{txt}{space 10}1994  {c |}{col 17}{res}{space 2} -1.61711{col 29}{space 2} .9484035{col 40}{space 1}   -1.71{col 49}{space 3}0.089{col 57}{space 4}  -3.4822{col 70}{space 3} .2479796
{txt}{space 10}1995  {c |}{col 17}{res}{space 2}-1.717389{col 29}{space 2} 1.045145{col 40}{space 1}   -1.64{col 49}{space 3}0.101{col 57}{space 4}-3.772726{col 70}{space 3} .3379478
{txt}{space 10}1996  {c |}{col 17}{res}{space 2}-.8645419{col 29}{space 2} 1.034819{col 40}{space 1}   -0.84{col 49}{space 3}0.404{col 57}{space 4}-2.899572{col 70}{space 3} 1.170488
{txt}{space 10}1997  {c |}{col 17}{res}{space 2}-1.150287{col 29}{space 2} 1.111361{col 40}{space 1}   -1.04{col 49}{space 3}0.301{col 57}{space 4}-3.335842{col 70}{space 3} 1.035268
{txt}{space 10}1998  {c |}{col 17}{res}{space 2}-2.207672{col 29}{space 2} 1.294547{col 40}{space 1}   -1.71{col 49}{space 3}0.089{col 57}{space 4}-4.753472{col 70}{space 3} .3381286
{txt}{space 10}1999  {c |}{col 17}{res}{space 2}-2.492283{col 29}{space 2} 1.338587{col 40}{space 1}   -1.86{col 49}{space 3}0.063{col 57}{space 4} -5.12469{col 70}{space 3} .1401241
{txt}{space 10}2000  {c |}{col 17}{res}{space 2}-2.447491{col 29}{space 2} 1.400916{col 40}{space 1}   -1.75{col 49}{space 3}0.081{col 57}{space 4}-5.202473{col 70}{space 3}   .30749
{txt}{space 10}2001  {c |}{col 17}{res}{space 2}-2.461466{col 29}{space 2} 1.553768{col 40}{space 1}   -1.58{col 49}{space 3}0.114{col 57}{space 4} -5.51704{col 70}{space 3} .5941079
{txt}{space 10}2002  {c |}{col 17}{res}{space 2}-3.300134{col 29}{space 2} 1.571559{col 40}{space 1}   -2.10{col 49}{space 3}0.036{col 57}{space 4}-6.390693{col 70}{space 3}-.2095738
{txt}{space 10}2003  {c |}{col 17}{res}{space 2}-3.110276{col 29}{space 2} 1.504601{col 40}{space 1}   -2.07{col 49}{space 3}0.039{col 57}{space 4}-6.069159{col 70}{space 3}-.1513927
{txt}{space 10}2004  {c |}{col 17}{res}{space 2}-2.662903{col 29}{space 2} 1.811574{col 40}{space 1}   -1.47{col 49}{space 3}0.142{col 57}{space 4}-6.225466{col 70}{space 3} .8996596
{txt}{space 10}2005  {c |}{col 17}{res}{space 2}-2.761617{col 29}{space 2} 1.757992{col 40}{space 1}   -1.57{col 49}{space 3}0.117{col 57}{space 4}-6.218808{col 70}{space 3} .6955745
{txt}{space 10}2006  {c |}{col 17}{res}{space 2} -3.16776{col 29}{space 2} 1.781512{col 40}{space 1}   -1.78{col 49}{space 3}0.076{col 57}{space 4}-6.671205{col 70}{space 3} .3356844
{txt}{space 10}2007  {c |}{col 17}{res}{space 2} -3.27288{col 29}{space 2} 1.827833{col 40}{space 1}   -1.79{col 49}{space 3}0.074{col 57}{space 4}-6.867418{col 70}{space 3} .3216591
{txt}{space 10}2008  {c |}{col 17}{res}{space 2}-4.225855{col 29}{space 2} 1.832606{col 40}{space 1}   -2.31{col 49}{space 3}0.022{col 57}{space 4} -7.82978{col 70}{space 3}-.6219304
{txt}{space 10}2009  {c |}{col 17}{res}{space 2}-4.802256{col 29}{space 2} 1.795683{col 40}{space 1}   -2.67{col 49}{space 3}0.008{col 57}{space 4} -8.33357{col 70}{space 3}-1.270942
{txt}{space 10}2010  {c |}{col 17}{res}{space 2}-2.897309{col 29}{space 2} 2.072489{col 40}{space 1}   -1.40{col 49}{space 3}0.163{col 57}{space 4}-6.972976{col 70}{space 3} 1.178358
{txt}{space 15} {c |}
{space 10}_cons {c |}{col 17}{res}{space 2}  24.7331{col 29}{space 2} 7.555176{col 40}{space 1}    3.27{col 49}{space 3}0.001{col 57}{space 4} 9.875411{col 70}{space 3} 39.59078
{txt}{hline 16}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. predict hvdhatallpost if year>1980 & nonsouth==0
{txt}(option xb assumed; fitted values)
(2,919 missing values generated)

{com}. 
. 
. *
.  
. * TESTING PARTISAN COMPETITION ERROR CORRECTION RATE *
. 
. test l.hvd = 0 

{p 0 7}{space 1}{text:( 1)}{space 1} {res}L.hvd = 0{p_end}

{txt}       F(  1,   361) ={res}   17.60
{txt}{col 13}Prob > F ={res}    0.0000
{txt}
{com}. 
. 
. * TESTING PARTISAN COMPETITION FOR COINTEGRATION VIA LONG-RUN COEFFICIENT JOINT EQUALITY WITH ZERO (WEAK EXOGENIETY) *
. 
. test l.hvd = l.real_pc_inc_ann = 0

{p 0 7}{space 1}{text:( 1)}{space 1} {res}L.hvd - L.real_pc_inc_ann = 0{p_end}
{p 0 7}{space 1}{text:( 2)}{space 1} L.hvd = 0{p_end}

{txt}       F(  2,   361) ={res}    9.45
{txt}{col 13}Prob > F ={res}    0.0001
{txt}
{com}. 
. 
. 
. * ESTIMATING CUMULATIVE SHORT-RUN EFFECTS FOR NON-LEFT-HAND SIDE VARIABLE *
. 
. lincom  d.real_pc_inc_ann +  l.d.real_pc_inc_ann +  l2.d.real_pc_inc_ann 

{p 0 7}{space 1}{text:( 1)}{space 1} {res}D.real_pc_inc_ann + LD.real_pc_inc_ann + L2D.real_pc_inc_ann = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}       D.hvd{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-.0016138{col 26}{space 2}  .001076{col 37}{space 1}   -1.50{col 46}{space 3}0.135{col 54}{space 4}-.0037297{col 67}{space 3} .0005021
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. 
. 
. * TESTING FOR LONG-RUN MULTIPLIER EFFECT *
. 
. nlcom _b[l.real_pc_inc_ann]/-_b[l.hvd]

       {txt}_nl_1:  {res}_b[l.real_pc_inc_ann]/-_b[l.hvd]

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}       D.hvd{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      z{col 46}   P>|z|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 7}_nl_1 {c |}{col 14}{res}{space 2} .0013103{col 26}{space 2} .0007355{col 37}{space 1}    1.78{col 46}{space 3}0.075{col 54}{space 4}-.0001312{col 67}{space 3} .0027518
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. 
. 
. sum real_pc_inc_ann  if hvdhatallpost !=. & year > 1980 & nonsouth==0, detail

        {txt}Per Capita Annual Income (1982-1984 Constant
                          Dollars)
{hline 61}
      Percentiles      Smallest
 1%    {res} 9164.067       8530.043
{txt} 5%    {res} 9893.871       8604.584
{txt}10%    {res}  10517.3       8624.711       {txt}Obs         {res}        420
{txt}25%    {res}    11966       9026.411       {txt}Sum of Wgt. {res}        420

{txt}50%    {res} 13484.73                      {txt}Mean          {res} 13632.63
                        {txt}Largest       Std. Dev.     {res} 2401.816
{txt}75%    {res} 15294.64       20300.61
{txt}90%    {res} 16587.38       20446.41       {txt}Variance      {res}  5768719
{txt}95%    {res} 17515.28       20757.53       {txt}Skewness      {res} .3038151
{txt}99%    {res} 20132.85       20864.72       {txt}Kurtosis      {res} 2.816816
{txt}
{com}. 
. 
. 
. * TOTAL/DYNAMIC MULTIPLIER & BASELINE LONG-RUN EFFECTS OF  real_pc_inc_ann ON hvd:  75TH PERCENTILE VALUE OF real_pc_inc_ann MINUS 25TH PERCENTILE VALUE OF real_pc_inc_ann FOR EFFECTIVE SAMPLE PERIOD 
. 
. 
. nlcom  (_b[l.real_pc_inc_ann] / -_b[l.hvd])*15294.64   -  (_b[l.real_pc_inc_ann] / - _b[l.hvd])*11966

       {txt}_nl_1:  {res}(_b[l.real_pc_inc_ann] / -_b[l.hvd])*15294.64 - (_b[l.real_pc_inc_ann] / - _b[l.hvd])*11966

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}       D.hvd{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      z{col 46}   P>|z|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 7}_nl_1 {c |}{col 14}{res}{space 2} 4.361454{col 26}{space 2} 2.448068{col 37}{space 1}    1.78{col 46}{space 3}0.075{col 54}{space 4}-.4366709{col 67}{space 3} 9.159579
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. 
. 
. restore 
{txt}
{com}. 
. 
. ******************************************************************************
. ******************************************************************************
. ******************************************************************************
. ******************************************************************************
. ******************************************************************************
. ******************************************************************************
. ******************************************************************************
. ******************************************************************************
. ******************************************************************************
. ******************************************************************************
. ******************************************************************************
. ******************************************************************************
. ******************************************************************************
. ******************************************************************************
. ******************************************************************************
. ******************************************************************************
. ******************************************************************************
. ******************************************************************************
. ******************************************************************************
. ******************************************************************************
. 
. 
. 
. preserve
{txt}
{com}. 
. 
. 
. 
. 
. 
. 
. //(4,3)  MODEL
. 
. 
. 
. 
. *** III.A: NEW SOUTH STATES (N = 5): FULL TIME PERIOD (1942 -2010) ***
. 
. 
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. **
. 
. 
. //(4,3)  MODEL
. 
. 
. 
. 
. *** III.C: NEW SOUTH STATES (N = 5): POST-PARTISAN ALIGNMENT TIME PERIOD (1981 - 2010) ***
. 
. 
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. qui reg d.real_pc_inc_ann  l.real_pc_inc_ann l.hvd   l.d.real_pc_inc_ann d.hvd  l2.d.real_pc_inc_ann  l.d.hvd  l3.d.real_pc_inc_ann l2.d.hvd l.csi_perc_cap_outlays l.d.csi_perc_cap_outlays l.right_to_work l.d.right_to_work l.csi_welf_perc_total l.d.csi_welf_perc_total l.nonfarm_persinc l.d.nonfarm_persinc l.gov_party l.d.gov_party l.dem_unified l.d.dem_unified l.rep_unified l.d.rep_unified i.state_fips i.year if year >1980 & newsouth==1
{txt}
{com}. estat ic

Akaike's information criterion and Bayesian information criterion

{txt}{hline 13}{c TT}{hline 63}
       Model {c |}        Obs  ll(null)  ll(model)      df         AIC        BIC
{hline 13}{c +}{hline 63}
{ralign 12:.}{col 14}{c |}{res}{col 16}       150{col 27}-1087.132{col 38}-944.7408{col 49}    56{col 58} 2001.482{col 69} 2170.077
{txt}{hline 13}{c BT}{hline 63}
{p 15 21 2}
Note: N=Obs used in calculating BIC; see {helpb bic_note:[R] BIC note}.
{p_end}

{com}. 
. 
. ******INCOME EQUATION*********
. 
. newey d.real_pc_inc_ann  l.real_pc_inc_ann l.hvd   l.d.real_pc_inc_ann d.hvd  l2.d.real_pc_inc_ann  l.d.hvd  l3.d.real_pc_inc_ann l2.d.hvd l.csi_perc_cap_outlays l.d.csi_perc_cap_outlays l.right_to_work l.d.right_to_work l.csi_welf_perc_total l.d.csi_welf_perc_total l.nonfarm_persinc l.d.nonfarm_persinc l.gov_party l.d.gov_party l.dem_unified l.d.dem_unified l.rep_unified l.d.rep_unified i.state_fips i.year if year >1980 & newsouth==1, lag(5) force

{txt}Regression with Newey-West standard errors{col 49}Number of obs{col 67}= {res}       150
{txt}maximum lag: {res}5{col 49}{txt}F( 55,        94){col 67}= {res}     65.99
{col 49}{txt}Prob > F{col 67}= {res}    0.0000

{txt}{hline 21}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 22}{c |}{col 34}  Newey-West
{col 1}   D.real_pc_inc_ann{col 22}{c |}      Coef.{col 34}   Std. Err.{col 46}      t{col 54}   P>|t|{col 62}     [95% Con{col 75}f. Interval]
{hline 21}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 5}real_pc_inc_ann {c |}
{space 17}L1. {c |}{col 22}{res}{space 2}-.1603608{col 34}{space 2}  .054808{col 45}{space 1}   -2.93{col 54}{space 3}0.004{col 62}{space 4}-.2691833{col 75}{space 3}-.0515383
{txt}{space 20} {c |}
{space 17}hvd {c |}
{space 17}L1. {c |}{col 22}{res}{space 2}-9.680747{col 34}{space 2} 9.394306{col 45}{space 1}   -1.03{col 54}{space 3}0.305{col 62}{space 4}-28.33336{col 75}{space 3} 8.971867
{txt}{space 20} {c |}
{space 5}real_pc_inc_ann {c |}
{space 17}LD. {c |}{col 22}{res}{space 2}  .094804{col 34}{space 2} .1111738{col 45}{space 1}    0.85{col 54}{space 3}0.396{col 62}{space 4}-.1259343{col 75}{space 3} .3155423
{txt}{space 20} {c |}
{space 17}hvd {c |}
{space 17}D1. {c |}{col 22}{res}{space 2} .1864576{col 34}{space 2}  6.22719{col 45}{space 1}    0.03{col 54}{space 3}0.976{col 62}{space 4}-12.17777{col 75}{space 3} 12.55069
{txt}{space 20} {c |}
{space 5}real_pc_inc_ann {c |}
{space 16}L2D. {c |}{col 22}{res}{space 2} .2952358{col 34}{space 2}   .11077{col 45}{space 1}    2.67{col 54}{space 3}0.009{col 62}{space 4} .0752993{col 75}{space 3} .5151724
{txt}{space 20} {c |}
{space 17}hvd {c |}
{space 17}LD. {c |}{col 22}{res}{space 2} 10.18529{col 34}{space 2} 7.106484{col 45}{space 1}    1.43{col 54}{space 3}0.155{col 62}{space 4}-3.924805{col 75}{space 3} 24.29538
{txt}{space 20} {c |}
{space 5}real_pc_inc_ann {c |}
{space 16}L3D. {c |}{col 22}{res}{space 2} .0889836{col 34}{space 2} .1570882{col 45}{space 1}    0.57{col 54}{space 3}0.572{col 62}{space 4}-.2229186{col 75}{space 3} .4008859
{txt}{space 20} {c |}
{space 17}hvd {c |}
{space 16}L2D. {c |}{col 22}{res}{space 2}  7.46406{col 34}{space 2} 5.074287{col 45}{space 1}    1.47{col 54}{space 3}0.145{col 62}{space 4}-2.611056{col 75}{space 3} 17.53918
{txt}{space 20} {c |}
csi_perc_cap_outlays {c |}
{space 17}L1. {c |}{col 22}{res}{space 2} 641.0977{col 34}{space 2} 1466.852{col 45}{space 1}    0.44{col 54}{space 3}0.663{col 62}{space 4}-2271.371{col 75}{space 3} 3553.566
{txt}{space 17}LD. {c |}{col 22}{res}{space 2}-1679.065{col 34}{space 2} 2397.317{col 45}{space 1}   -0.70{col 54}{space 3}0.485{col 62}{space 4}-6438.993{col 75}{space 3} 3080.863
{txt}{space 20} {c |}
{space 7}right_to_work {c |}
{space 17}L1. {c |}{col 22}{res}{space 2} 4.690593{col 34}{space 2} 89.09184{col 45}{space 1}    0.05{col 54}{space 3}0.958{col 62}{space 4}-172.2033{col 75}{space 3} 181.5845
{txt}{space 17}LD. {c |}{col 22}{res}{space 2}-182.1399{col 34}{space 2} 74.51039{col 45}{space 1}   -2.44{col 54}{space 3}0.016{col 62}{space 4} -330.082{col 75}{space 3}-34.19776
{txt}{space 20} {c |}
{space 1}csi_welf_perc_total {c |}
{space 17}L1. {c |}{col 22}{res}{space 2} 2078.107{col 34}{space 2} 1519.704{col 45}{space 1}    1.37{col 54}{space 3}0.175{col 62}{space 4}-939.3019{col 75}{space 3} 5095.515
{txt}{space 17}LD. {c |}{col 22}{res}{space 2}-2203.448{col 34}{space 2} 2354.605{col 45}{space 1}   -0.94{col 54}{space 3}0.352{col 62}{space 4}-6878.572{col 75}{space 3} 2471.676
{txt}{space 20} {c |}
{space 5}nonfarm_persinc {c |}
{space 17}L1. {c |}{col 22}{res}{space 2}-26601.01{col 34}{space 2} 10089.38{col 45}{space 1}   -2.64{col 54}{space 3}0.010{col 62}{space 4}-46633.71{col 75}{space 3} -6568.32
{txt}{space 17}LD. {c |}{col 22}{res}{space 2}  16111.6{col 34}{space 2} 8107.938{col 45}{space 1}    1.99{col 54}{space 3}0.050{col 62}{space 4} 13.09618{col 75}{space 3}  32210.1
{txt}{space 20} {c |}
{space 11}gov_party {c |}
{space 17}L1. {c |}{col 22}{res}{space 2} 84.43401{col 34}{space 2} 60.89573{col 45}{space 1}    1.39{col 54}{space 3}0.169{col 62}{space 4} -36.4759{col 75}{space 3} 205.3439
{txt}{space 17}LD. {c |}{col 22}{res}{space 2} 62.54194{col 34}{space 2} 65.44845{col 45}{space 1}    0.96{col 54}{space 3}0.342{col 62}{space 4}-67.40748{col 75}{space 3} 192.4914
{txt}{space 20} {c |}
{space 9}dem_unified {c |}
{space 17}L1. {c |}{col 22}{res}{space 2} -134.413{col 34}{space 2} 71.88623{col 45}{space 1}   -1.87{col 54}{space 3}0.065{col 62}{space 4}-277.1448{col 75}{space 3} 8.318754
{txt}{space 17}LD. {c |}{col 22}{res}{space 2}-10.43497{col 34}{space 2} 65.68588{col 45}{space 1}   -0.16{col 54}{space 3}0.874{col 62}{space 4}-140.8558{col 75}{space 3} 119.9859
{txt}{space 20} {c |}
{space 9}rep_unified {c |}
{space 17}L1. {c |}{col 22}{res}{space 2} 6.293971{col 34}{space 2} 85.59858{col 45}{space 1}    0.07{col 54}{space 3}0.942{col 62}{space 4} -163.664{col 75}{space 3}  176.252
{txt}{space 17}LD. {c |}{col 22}{res}{space 2} -24.5443{col 34}{space 2}  112.007{col 45}{space 1}   -0.22{col 54}{space 3}0.827{col 62}{space 4}-246.9368{col 75}{space 3} 197.8482
{txt}{space 20} {c |}
{space 10}state_fips {c |}
{space 17}13  {c |}{col 22}{res}{space 2}-353.4526{col 34}{space 2} 153.4681{col 45}{space 1}   -2.30{col 54}{space 3}0.023{col 62}{space 4}-658.1672{col 75}{space 3}-48.73799
{txt}{space 17}37  {c |}{col 22}{res}{space 2}-398.2155{col 34}{space 2}  121.775{col 45}{space 1}   -3.27{col 54}{space 3}0.002{col 62}{space 4}-640.0026{col 75}{space 3}-156.4285
{txt}{space 17}48  {c |}{col 22}{res}{space 2}-221.4532{col 34}{space 2} 116.1254{col 45}{space 1}   -1.91{col 54}{space 3}0.060{col 62}{space 4}-452.0229{col 75}{space 3} 9.116558
{txt}{space 17}51  {c |}{col 22}{res}{space 2} 377.7292{col 34}{space 2} 154.8431{col 45}{space 1}    2.44{col 54}{space 3}0.017{col 62}{space 4}  70.2847{col 75}{space 3} 685.1738
{txt}{space 20} {c |}
{space 16}year {c |}
{space 15}1982  {c |}{col 22}{res}{space 2}-62.00585{col 34}{space 2} 148.5269{col 45}{space 1}   -0.42{col 54}{space 3}0.677{col 62}{space 4}-356.9095{col 75}{space 3} 232.8978
{txt}{space 15}1983  {c |}{col 22}{res}{space 2} 232.8195{col 34}{space 2} 201.2718{col 45}{space 1}    1.16{col 54}{space 3}0.250{col 62}{space 4}-166.8104{col 75}{space 3} 632.4493
{txt}{space 15}1984  {c |}{col 22}{res}{space 2} 550.8414{col 34}{space 2} 174.1604{col 45}{space 1}    3.16{col 54}{space 3}0.002{col 62}{space 4} 205.0419{col 75}{space 3} 896.6409
{txt}{space 15}1985  {c |}{col 22}{res}{space 2} 287.5047{col 34}{space 2} 253.7506{col 45}{space 1}    1.13{col 54}{space 3}0.260{col 62}{space 4}-216.3231{col 75}{space 3} 791.3324
{txt}{space 15}1986  {c |}{col 22}{res}{space 2} 252.0223{col 34}{space 2} 190.9989{col 45}{space 1}    1.32{col 54}{space 3}0.190{col 62}{space 4}-127.2106{col 75}{space 3} 631.2551
{txt}{space 15}1987  {c |}{col 22}{res}{space 2} 188.3857{col 34}{space 2} 176.5862{col 45}{space 1}    1.07{col 54}{space 3}0.289{col 62}{space 4}-162.2303{col 75}{space 3} 539.0018
{txt}{space 15}1988  {c |}{col 22}{res}{space 2}  456.246{col 34}{space 2} 215.1259{col 45}{space 1}    2.12{col 54}{space 3}0.037{col 62}{space 4} 29.10851{col 75}{space 3} 883.3834
{txt}{space 15}1989  {c |}{col 22}{res}{space 2} 429.9455{col 34}{space 2} 250.4035{col 45}{space 1}    1.72{col 54}{space 3}0.089{col 62}{space 4}-67.23666{col 75}{space 3} 927.1276
{txt}{space 15}1990  {c |}{col 22}{res}{space 2} 22.81222{col 34}{space 2} 288.1282{col 45}{space 1}    0.08{col 54}{space 3}0.937{col 62}{space 4} -549.273{col 75}{space 3} 594.8974
{txt}{space 15}1991  {c |}{col 22}{res}{space 2}-56.57548{col 34}{space 2} 239.4412{col 45}{space 1}   -0.24{col 54}{space 3}0.814{col 62}{space 4}-531.9916{col 75}{space 3} 418.8406
{txt}{space 15}1992  {c |}{col 22}{res}{space 2} 444.7584{col 34}{space 2} 255.7745{col 45}{space 1}    1.74{col 54}{space 3}0.085{col 62}{space 4}-63.08783{col 75}{space 3} 952.6045
{txt}{space 15}1993  {c |}{col 22}{res}{space 2} 341.5987{col 34}{space 2} 352.1388{col 45}{space 1}    0.97{col 54}{space 3}0.335{col 62}{space 4}-357.5811{col 75}{space 3} 1040.778
{txt}{space 15}1994  {c |}{col 22}{res}{space 2} 352.7115{col 34}{space 2} 346.5498{col 45}{space 1}    1.02{col 54}{space 3}0.311{col 62}{space 4}-335.3711{col 75}{space 3} 1040.794
{txt}{space 15}1995  {c |}{col 22}{res}{space 2} 377.8802{col 34}{space 2} 335.3853{col 45}{space 1}    1.13{col 54}{space 3}0.263{col 62}{space 4}-288.0352{col 75}{space 3} 1043.796
{txt}{space 15}1996  {c |}{col 22}{res}{space 2} 425.5774{col 34}{space 2} 346.4473{col 45}{space 1}    1.23{col 54}{space 3}0.222{col 62}{space 4}-262.3018{col 75}{space 3} 1113.457
{txt}{space 15}1997  {c |}{col 22}{res}{space 2} 538.5727{col 34}{space 2}  342.515{col 45}{space 1}    1.57{col 54}{space 3}0.119{col 62}{space 4}-141.4989{col 75}{space 3} 1218.644
{txt}{space 15}1998  {c |}{col 22}{res}{space 2}  854.229{col 34}{space 2} 361.9132{col 45}{space 1}    2.36{col 54}{space 3}0.020{col 62}{space 4} 135.6418{col 75}{space 3} 1572.816
{txt}{space 15}1999  {c |}{col 22}{res}{space 2} 577.3836{col 34}{space 2}  408.338{col 45}{space 1}    1.41{col 54}{space 3}0.161{col 62}{space 4} -233.381{col 75}{space 3} 1388.148
{txt}{space 15}2000  {c |}{col 22}{res}{space 2} 884.4703{col 34}{space 2} 391.2964{col 45}{space 1}    2.26{col 54}{space 3}0.026{col 62}{space 4} 107.5421{col 75}{space 3} 1661.398
{txt}{space 15}2001  {c |}{col 22}{res}{space 2} 503.3261{col 34}{space 2} 436.0446{col 45}{space 1}    1.15{col 54}{space 3}0.251{col 62}{space 4}-362.4506{col 75}{space 3} 1369.103
{txt}{space 15}2002  {c |}{col 22}{res}{space 2} 360.0047{col 34}{space 2} 464.9663{col 45}{space 1}    0.77{col 54}{space 3}0.441{col 62}{space 4}-563.1968{col 75}{space 3} 1283.206
{txt}{space 15}2003  {c |}{col 22}{res}{space 2} 624.9085{col 34}{space 2}  434.396{col 45}{space 1}    1.44{col 54}{space 3}0.154{col 62}{space 4}-237.5949{col 75}{space 3} 1487.412
{txt}{space 15}2004  {c |}{col 22}{res}{space 2} 1096.504{col 34}{space 2} 489.4092{col 45}{space 1}    2.24{col 54}{space 3}0.027{col 62}{space 4} 124.7703{col 75}{space 3} 2068.237
{txt}{space 15}2005  {c |}{col 22}{res}{space 2} 995.1685{col 34}{space 2} 544.9102{col 45}{space 1}    1.83{col 54}{space 3}0.071{col 62}{space 4}-86.76344{col 75}{space 3}   2077.1
{txt}{space 15}2006  {c |}{col 22}{res}{space 2} 946.4112{col 34}{space 2} 529.0816{col 45}{space 1}    1.79{col 54}{space 3}0.077{col 62}{space 4}-104.0926{col 75}{space 3} 1996.915
{txt}{space 15}2007  {c |}{col 22}{res}{space 2} 832.9878{col 34}{space 2} 512.6832{col 45}{space 1}    1.62{col 54}{space 3}0.108{col 62}{space 4}-184.9568{col 75}{space 3} 1850.932
{txt}{space 15}2008  {c |}{col 22}{res}{space 2} 604.8298{col 34}{space 2} 634.6598{col 45}{space 1}    0.95{col 54}{space 3}0.343{col 62}{space 4}-655.3021{col 75}{space 3} 1864.962
{txt}{space 15}2009  {c |}{col 22}{res}{space 2} -187.989{col 34}{space 2} 473.8881{col 45}{space 1}   -0.40{col 54}{space 3}0.692{col 62}{space 4}-1128.905{col 75}{space 3} 752.9269
{txt}{space 15}2010  {c |}{col 22}{res}{space 2} 958.0415{col 34}{space 2} 492.0292{col 45}{space 1}    1.95{col 54}{space 3}0.055{col 62}{space 4}-18.89393{col 75}{space 3} 1934.977
{txt}{space 20} {c |}
{space 15}_cons {c |}{col 22}{res}{space 2} 28795.76{col 34}{space 2} 10080.05{col 45}{space 1}    2.86{col 54}{space 3}0.005{col 62}{space 4}  8781.58{col 75}{space 3} 48809.93
{txt}{hline 21}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. predict real_pc_inc_annhatallpost if year>1980 & newsouth==1
{txt}(option xb assumed; fitted values)
(3,189 missing values generated)

{com}. 
. 
. 
. * TESTING INCOME ERROR CORRECTION RATE *
. 
. test l.real_pc_inc_ann = 0 

{p 0 7}{space 1}{text:( 1)}{space 1} {res}L.real_pc_inc_ann = 0{p_end}

{txt}       F(  1,    94) ={res}    8.56
{txt}{col 13}Prob > F ={res}    0.0043
{txt}
{com}. 
. 
. * TESTING INCOME FOR COINTEGRATION VIA LONG-RUN COEFFICIENT JOINT EQUALITY WITH ZERO (WEAK EXOGENIETY)*
. 
. test l.real_pc_inc_ann = l.hvd = 0

{p 0 7}{space 1}{text:( 1)}{space 1} {res}L.real_pc_inc_ann - L.hvd = 0{p_end}
{p 0 7}{space 1}{text:( 2)}{space 1} L.real_pc_inc_ann = 0{p_end}

{txt}       F(  2,    94) ={res}    5.67
{txt}{col 13}Prob > F ={res}    0.0047
{txt}
{com}. 
. 
. 
. * ESTIMATING CUMULATIVE SHORT-RUN EFFECTS FOR NON-LEFT-HAND SIDE VARIABLE *
. 
. lincom  d.hvd +  l.d.hvd  +  l2.d.hvd 

{p 0 7}{space 1}{text:( 1)}{space 1} {res}D.hvd + LD.hvd + L2D.hvd = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}D.          {col 14}{c |}
{col 1}real_pc_in~n{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}  17.8358{col 26}{space 2} 14.16565{col 37}{space 1}    1.26{col 46}{space 3}0.211{col 54}{space 4}-10.29043{col 67}{space 3} 45.96203
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. 
. 
. * TESTING FOR LONG-RUN MULTIPLIER EFFECT *
. 
. nlcom _b[l.hvd]/-_b[l.real_pc_inc_ann] 

       {txt}_nl_1:  {res}_b[l.hvd]/-_b[l.real_pc_inc_ann]

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}D.          {col 14}{c |}
{col 1}real_pc_in~n{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      z{col 46}   P>|z|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 7}_nl_1 {c |}{col 14}{res}{space 2}-60.36854{col 26}{space 2} 65.98305{col 37}{space 1}   -0.91{col 46}{space 3}0.360{col 54}{space 4}-189.6929{col 67}{space 3} 68.95585
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. 
. 
. 
. sum hvd  if real_pc_inc_annhatallpost!=. & year>1980 & newsouth==1, detail

                             {txt}hvd
{hline 61}
      Percentiles      Smallest
 1%    {res} 60.09558       60.09558
{txt} 5%    {res} 62.69699       60.09558
{txt}10%    {res} 63.26816       61.67645       {txt}Obs         {res}        150
{txt}25%    {res} 66.03764       62.28065       {txt}Sum of Wgt. {res}        150

{txt}50%    {res} 69.27882                      {txt}Mean          {res} 69.77815
                        {txt}Largest       Std. Dev.     {res} 5.176617
{txt}75%    {res} 72.28156       80.22373
{txt}90%    {res} 78.81491        80.7055       {txt}Variance      {res} 26.79737
{txt}95%    {res} 80.02872        80.7055       {txt}Skewness      {res} .5559989
{txt}99%    {res}  80.7055       83.18141       {txt}Kurtosis      {res} 2.632558
{txt}
{com}. 
. 
. * TOTAL/DYNAMIC MULTIPLIER & BASELINE LONG-RUN EFFECTS OF hvd ON real_pc_inc_ann:  75TH PERCENTILE VALUE OF hvd MINUS 25TH PERCENTILE VALUE OF hvd FOR EFFECTIVE SAMPLE PERIOD *
. 
. 
. nlcom  (_b[l.hvd] / - _b[l.real_pc_inc_ann])*85.82796   -  (_b[l.hvd] / - _b[l.real_pc_inc_ann])*56.68817

       {txt}_nl_1:  {res}(_b[l.hvd] / - _b[l.real_pc_inc_ann])*85.82796 - (_b[l.hvd] / - _b[l.real_pc_inc_ann])*56.68817

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}D.          {col 14}{c |}
{col 1}real_pc_in~n{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      z{col 46}   P>|z|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 7}_nl_1 {c |}{col 14}{res}{space 2}-1759.127{col 26}{space 2} 1922.732{col 37}{space 1}   -0.91{col 46}{space 3}0.360{col 54}{space 4}-5527.612{col 67}{space 3} 2009.359
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. 
. 
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. 
. qui reg d.hvd  l.hvd l.real_pc_inc_ann l.d.hvd d.real_pc_inc_ann  l2.d.hvd  l.d.real_pc_inc_ann  l3.d.hvd l2.d.real_pc_inc_ann l.gov_party l.d.gov_party l.dem_unified l.d.dem_unified l.rep_unified l.d.rep_unified l.electedjudges1 l.d.electedjudges1 i.state_fips i.year if year >1980 & newsouth==1
{txt}
{com}. estat ic

Akaike's information criterion and Bayesian information criterion

{txt}{hline 13}{c TT}{hline 63}
       Model {c |}        Obs  ll(null)  ll(model)      df         AIC        BIC
{hline 13}{c +}{hline 63}
{ralign 12:.}{col 14}{c |}{res}{col 16}       150{col 27}-404.9867{col 38}-336.1301{col 49}    48{col 58} 768.2601{col 69} 912.7706
{txt}{hline 13}{c BT}{hline 63}
{p 15 21 2}
Note: N=Obs used in calculating BIC; see {helpb bic_note:[R] BIC note}.
{p_end}

{com}. 
. 
. 
. ******PARTISAN COMPETITION EQUATION*********
. 
. 
. newey d.hvd  l.hvd l.real_pc_inc_ann l.d.hvd d.real_pc_inc_ann  l2.d.hvd  l.d.real_pc_inc_ann  l3.d.hvd l2.d.real_pc_inc_ann l.gov_party l.d.gov_party l.dem_unified l.d.dem_unified l.rep_unified l.d.rep_unified l.electedjudges1 l.d.electedjudges1 i.state_fips i.year if year >1980 & newsouth==1, lag(5) force
{txt}note: LD.electedjudges1 omitted because of collinearity
note: 48.state_fips omitted because of collinearity

Regression with Newey-West standard errors{col 49}Number of obs{col 67}= {res}       150
{txt}maximum lag: {res}5{col 49}{txt}F( 47,       102){col 67}= {res}      8.61
{col 49}{txt}Prob > F{col 67}= {res}    0.0000

{txt}{hline 16}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 17}{c |}{col 29}  Newey-West
{col 1}          D.hvd{col 17}{c |}      Coef.{col 29}   Std. Err.{col 41}      t{col 49}   P>|t|{col 57}     [95% Con{col 70}f. Interval]
{hline 16}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 12}hvd {c |}
{space 12}L1. {c |}{col 17}{res}{space 2}-.6627378{col 29}{space 2}  .194433{col 40}{space 1}   -3.41{col 49}{space 3}0.001{col 57}{space 4}-1.048395{col 70}{space 3}-.2770809
{txt}{space 15} {c |}
real_pc_inc_ann {c |}
{space 12}L1. {c |}{col 17}{res}{space 2} .0005924{col 29}{space 2} .0005428{col 40}{space 1}    1.09{col 49}{space 3}0.278{col 57}{space 4}-.0004842{col 70}{space 3} .0016689
{txt}{space 15} {c |}
{space 12}hvd {c |}
{space 12}LD. {c |}{col 17}{res}{space 2}-.1473557{col 29}{space 2} .0961077{col 40}{space 1}   -1.53{col 49}{space 3}0.128{col 57}{space 4}-.3379849{col 70}{space 3} .0432736
{txt}{space 15} {c |}
real_pc_inc_ann {c |}
{space 12}D1. {c |}{col 17}{res}{space 2}  .000033{col 29}{space 2} .0017015{col 40}{space 1}    0.02{col 49}{space 3}0.985{col 57}{space 4}-.0033421{col 70}{space 3}  .003408
{txt}{space 15} {c |}
{space 12}hvd {c |}
{space 11}L2D. {c |}{col 17}{res}{space 2} .0498702{col 29}{space 2} .1312104{col 40}{space 1}    0.38{col 49}{space 3}0.705{col 57}{space 4} -.210385{col 70}{space 3} .3101254
{txt}{space 15} {c |}
real_pc_inc_ann {c |}
{space 12}LD. {c |}{col 17}{res}{space 2} .0006853{col 29}{space 2} .0012116{col 40}{space 1}    0.57{col 49}{space 3}0.573{col 57}{space 4}-.0017179{col 70}{space 3} .0030886
{txt}{space 15} {c |}
{space 12}hvd {c |}
{space 11}L3D. {c |}{col 17}{res}{space 2}-.0001858{col 29}{space 2} .1080247{col 40}{space 1}   -0.00{col 49}{space 3}0.999{col 57}{space 4}-.2144523{col 70}{space 3} .2140808
{txt}{space 15} {c |}
real_pc_inc_ann {c |}
{space 11}L2D. {c |}{col 17}{res}{space 2} .0009555{col 29}{space 2} .0012234{col 40}{space 1}    0.78{col 49}{space 3}0.437{col 57}{space 4}-.0014711{col 70}{space 3} .0033822
{txt}{space 15} {c |}
{space 6}gov_party {c |}
{space 12}L1. {c |}{col 17}{res}{space 2}-.0076595{col 29}{space 2} .8476159{col 40}{space 1}   -0.01{col 49}{space 3}0.993{col 57}{space 4}-1.688902{col 70}{space 3} 1.673583
{txt}{space 12}LD. {c |}{col 17}{res}{space 2}-.6159021{col 29}{space 2} 1.134527{col 40}{space 1}   -0.54{col 49}{space 3}0.588{col 57}{space 4}-2.866231{col 70}{space 3} 1.634427
{txt}{space 15} {c |}
{space 4}dem_unified {c |}
{space 12}L1. {c |}{col 17}{res}{space 2}  .972047{col 29}{space 2} .9287543{col 40}{space 1}    1.05{col 49}{space 3}0.298{col 57}{space 4}-.8701327{col 70}{space 3} 2.814227
{txt}{space 12}LD. {c |}{col 17}{res}{space 2}-.8330754{col 29}{space 2} .7937427{col 40}{space 1}   -1.05{col 49}{space 3}0.296{col 57}{space 4} -2.40746{col 70}{space 3} .7413095
{txt}{space 15} {c |}
{space 4}rep_unified {c |}
{space 12}L1. {c |}{col 17}{res}{space 2}-1.137155{col 29}{space 2} 1.373924{col 40}{space 1}   -0.83{col 49}{space 3}0.410{col 57}{space 4}-3.862327{col 70}{space 3} 1.588017
{txt}{space 12}LD. {c |}{col 17}{res}{space 2}  1.89139{col 29}{space 2} 1.420412{col 40}{space 1}    1.33{col 49}{space 3}0.186{col 57}{space 4} -.925991{col 70}{space 3}  4.70877
{txt}{space 15} {c |}
{space 1}electedjudges1 {c |}
{space 12}L1. {c |}{col 17}{res}{space 2}-6.250697{col 29}{space 2} 2.781998{col 40}{space 1}   -2.25{col 49}{space 3}0.027{col 57}{space 4}-11.76878{col 70}{space 3}-.7326166
{txt}{space 12}LD. {c |}{col 17}{res}{space 2}        0{col 29}{txt}  (omitted)
{space 15} {c |}
{space 5}state_fips {c |}
{space 12}13  {c |}{col 17}{res}{space 2} -2.03355{col 29}{space 2} .9827986{col 40}{space 1}   -2.07{col 49}{space 3}0.041{col 57}{space 4}-3.982927{col 70}{space 3} -.084174
{txt}{space 12}37  {c |}{col 17}{res}{space 2} 3.024206{col 29}{space 2} 1.434767{col 40}{space 1}    2.11{col 49}{space 3}0.037{col 57}{space 4}  .178352{col 70}{space 3}  5.87006
{txt}{space 12}48  {c |}{col 17}{res}{space 2}        0{col 29}{txt}  (omitted)
{space 12}51  {c |}{col 17}{res}{space 2}-5.646005{col 29}{space 2} 1.452161{col 40}{space 1}   -3.89{col 49}{space 3}0.000{col 57}{space 4}-8.526359{col 70}{space 3}-2.765651
{txt}{space 15} {c |}
{space 11}year {c |}
{space 10}1982  {c |}{col 17}{res}{space 2}-1.327433{col 29}{space 2} 2.037173{col 40}{space 1}   -0.65{col 49}{space 3}0.516{col 57}{space 4}-5.368155{col 70}{space 3} 2.713289
{txt}{space 10}1983  {c |}{col 17}{res}{space 2} -1.35505{col 29}{space 2} 1.753872{col 40}{space 1}   -0.77{col 49}{space 3}0.442{col 57}{space 4}-4.833847{col 70}{space 3} 2.123746
{txt}{space 10}1984  {c |}{col 17}{res}{space 2}-3.328407{col 29}{space 2} 1.656625{col 40}{space 1}   -2.01{col 49}{space 3}0.047{col 57}{space 4}-6.614316{col 70}{space 3}-.0424993
{txt}{space 10}1985  {c |}{col 17}{res}{space 2}-4.587557{col 29}{space 2} 1.993003{col 40}{space 1}   -2.30{col 49}{space 3}0.023{col 57}{space 4}-8.540669{col 70}{space 3}-.6344463
{txt}{space 10}1986  {c |}{col 17}{res}{space 2}-.5601318{col 29}{space 2} 3.240159{col 40}{space 1}   -0.17{col 49}{space 3}0.863{col 57}{space 4}-6.986972{col 70}{space 3} 5.866709
{txt}{space 10}1987  {c |}{col 17}{res}{space 2}-4.408228{col 29}{space 2} 1.833333{col 40}{space 1}   -2.40{col 49}{space 3}0.018{col 57}{space 4}-8.044634{col 70}{space 3}-.7718209
{txt}{space 10}1988  {c |}{col 17}{res}{space 2}-1.898641{col 29}{space 2} 1.768288{col 40}{space 1}   -1.07{col 49}{space 3}0.285{col 57}{space 4}-5.406031{col 70}{space 3}  1.60875
{txt}{space 10}1989  {c |}{col 17}{res}{space 2}-5.684432{col 29}{space 2} 2.643493{col 40}{space 1}   -2.15{col 49}{space 3}0.034{col 57}{space 4}-10.92779{col 70}{space 3}-.4410755
{txt}{space 10}1990  {c |}{col 17}{res}{space 2}-3.089671{col 29}{space 2} 2.584123{col 40}{space 1}   -1.20{col 49}{space 3}0.235{col 57}{space 4}-8.215267{col 70}{space 3} 2.035926
{txt}{space 10}1991  {c |}{col 17}{res}{space 2}-1.099759{col 29}{space 2} 1.993951{col 40}{space 1}   -0.55{col 49}{space 3}0.582{col 57}{space 4}-5.054752{col 70}{space 3} 2.855234
{txt}{space 10}1992  {c |}{col 17}{res}{space 2}-.3545156{col 29}{space 2} 1.829362{col 40}{space 1}   -0.19{col 49}{space 3}0.847{col 57}{space 4}-3.983046{col 70}{space 3} 3.274014
{txt}{space 10}1993  {c |}{col 17}{res}{space 2}-1.687044{col 29}{space 2} 1.870226{col 40}{space 1}   -0.90{col 49}{space 3}0.369{col 57}{space 4}-5.396627{col 70}{space 3}  2.02254
{txt}{space 10}1994  {c |}{col 17}{res}{space 2}-3.569357{col 29}{space 2} 2.060902{col 40}{space 1}   -1.73{col 49}{space 3}0.086{col 57}{space 4}-7.657146{col 70}{space 3}  .518432
{txt}{space 10}1995  {c |}{col 17}{res}{space 2}-3.241323{col 29}{space 2} 2.298635{col 40}{space 1}   -1.41{col 49}{space 3}0.162{col 57}{space 4}-7.800655{col 70}{space 3} 1.318009
{txt}{space 10}1996  {c |}{col 17}{res}{space 2}-1.899904{col 29}{space 2} 1.968945{col 40}{space 1}   -0.96{col 49}{space 3}0.337{col 57}{space 4}-5.805296{col 70}{space 3} 2.005489
{txt}{space 10}1997  {c |}{col 17}{res}{space 2}-3.106923{col 29}{space 2} 2.126598{col 40}{space 1}   -1.46{col 49}{space 3}0.147{col 57}{space 4} -7.32502{col 70}{space 3} 1.111174
{txt}{space 10}1998  {c |}{col 17}{res}{space 2}-4.582956{col 29}{space 2} 2.536648{col 40}{space 1}   -1.81{col 49}{space 3}0.074{col 57}{space 4}-9.614386{col 70}{space 3} .4484732
{txt}{space 10}1999  {c |}{col 17}{res}{space 2}-4.522853{col 29}{space 2} 2.567326{col 40}{space 1}   -1.76{col 49}{space 3}0.081{col 57}{space 4}-9.615132{col 70}{space 3} .5694264
{txt}{space 10}2000  {c |}{col 17}{res}{space 2}-5.616048{col 29}{space 2} 2.640523{col 40}{space 1}   -2.13{col 49}{space 3}0.036{col 57}{space 4}-10.85351{col 70}{space 3}-.3785831
{txt}{space 10}2001  {c |}{col 17}{res}{space 2}-4.993935{col 29}{space 2} 3.173864{col 40}{space 1}   -1.57{col 49}{space 3}0.119{col 57}{space 4}-11.28928{col 70}{space 3}  1.30141
{txt}{space 10}2002  {c |}{col 17}{res}{space 2}-3.893254{col 29}{space 2} 3.084917{col 40}{space 1}   -1.26{col 49}{space 3}0.210{col 57}{space 4}-10.01217{col 70}{space 3} 2.225665
{txt}{space 10}2003  {c |}{col 17}{res}{space 2}-4.180629{col 29}{space 2} 3.040589{col 40}{space 1}   -1.37{col 49}{space 3}0.172{col 57}{space 4}-10.21162{col 70}{space 3} 1.850365
{txt}{space 10}2004  {c |}{col 17}{res}{space 2}-5.587019{col 29}{space 2} 3.251582{col 40}{space 1}   -1.72{col 49}{space 3}0.089{col 57}{space 4}-12.03652{col 70}{space 3} .8624784
{txt}{space 10}2005  {c |}{col 17}{res}{space 2}-4.671854{col 29}{space 2} 3.264247{col 40}{space 1}   -1.43{col 49}{space 3}0.155{col 57}{space 4}-11.14647{col 70}{space 3} 1.802765
{txt}{space 10}2006  {c |}{col 17}{res}{space 2}-5.235473{col 29}{space 2} 3.532819{col 40}{space 1}   -1.48{col 49}{space 3}0.141{col 57}{space 4} -12.2428{col 70}{space 3} 1.771857
{txt}{space 10}2007  {c |}{col 17}{res}{space 2}-5.445319{col 29}{space 2} 3.572376{col 40}{space 1}   -1.52{col 49}{space 3}0.131{col 57}{space 4}-12.53111{col 70}{space 3} 1.640471
{txt}{space 10}2008  {c |}{col 17}{res}{space 2}  -5.0789{col 29}{space 2} 3.766305{col 40}{space 1}   -1.35{col 49}{space 3}0.180{col 57}{space 4}-12.54935{col 70}{space 3} 2.391547
{txt}{space 10}2009  {c |}{col 17}{res}{space 2}-4.034989{col 29}{space 2}  4.20435{col 40}{space 1}   -0.96{col 49}{space 3}0.339{col 57}{space 4} -12.3743{col 70}{space 3} 4.304319
{txt}{space 10}2010  {c |}{col 17}{res}{space 2}-2.997681{col 29}{space 2} 3.721412{col 40}{space 1}   -0.81{col 49}{space 3}0.422{col 57}{space 4}-10.37908{col 70}{space 3} 4.383722
{txt}{space 15} {c |}
{space 10}_cons {c |}{col 17}{res}{space 2} 44.76332{col 29}{space 2} 18.13273{col 40}{space 1}    2.47{col 49}{space 3}0.015{col 57}{space 4} 8.797138{col 70}{space 3}  80.7295
{txt}{hline 16}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. predict hvdhatallpost if year>1980 & newsouth==1
{txt}(option xb assumed; fitted values)
(3,189 missing values generated)

{com}. 
. 
. 
. * TESTING PARTISAN COMPETITION ERROR CORRECTION RATE *
. 
. test l.hvd = 0 

{p 0 7}{space 1}{text:( 1)}{space 1} {res}L.hvd = 0{p_end}

{txt}       F(  1,   102) ={res}   11.62
{txt}{col 13}Prob > F ={res}    0.0009
{txt}
{com}. 
. 
. * TESTING PARTISAN COMPETITION FOR COINTEGRATION VIA LONG-RUN COEFFICIENT JOINT EQUALITY WITH ZERO (WEAK EXOGENEITY)*
. 
. test l.hvd = l.real_pc_inc_ann = 0

{p 0 7}{space 1}{text:( 1)}{space 1} {res}L.hvd - L.real_pc_inc_ann = 0{p_end}
{p 0 7}{space 1}{text:( 2)}{space 1} L.hvd = 0{p_end}

{txt}       F(  2,   102) ={res}    7.28
{txt}{col 13}Prob > F ={res}    0.0011
{txt}
{com}. 
. 
. 
. * ESTIMATING CUMULATIVE SHORT-RUN EFFECTS FOR NON-LEFT-HAND SIDE VARIABLE *
. 
. lincom  d.real_pc_inc_ann  +  l.d.real_pc_inc_ann  +  l2.d.real_pc_inc_ann 

{p 0 7}{space 1}{text:( 1)}{space 1} {res}D.real_pc_inc_ann + LD.real_pc_inc_ann + L2D.real_pc_inc_ann = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}       D.hvd{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} .0016739{col 26}{space 2} .0022628{col 37}{space 1}    0.74{col 46}{space 3}0.461{col 54}{space 4}-.0028144{col 67}{space 3} .0061621
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. 
. * TESTING FOR LONG-RUN MULTIPLIER EFFECT *
. 
. nlcom _b[l.real_pc_inc_ann]/-_b[l.hvd]

       {txt}_nl_1:  {res}_b[l.real_pc_inc_ann]/-_b[l.hvd]

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}       D.hvd{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      z{col 46}   P>|z|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 7}_nl_1 {c |}{col 14}{res}{space 2} .0008938{col 26}{space 2} .0009027{col 37}{space 1}    0.99{col 46}{space 3}0.322{col 54}{space 4}-.0008754{col 67}{space 3} .0026631
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. 
. 
. sum  real_pc_inc_ann    if hvdhatallpost!=. & year>1980 & newsouth==1, detail

        {txt}Per Capita Annual Income (1982-1984 Constant
                          Dollars)
{hline 61}
      Percentiles      Smallest
 1%    {res} 10063.01       10054.71
{txt} 5%    {res} 11693.49       10063.01
{txt}10%    {res} 12398.59       10330.47       {txt}Obs         {res}        150
{txt}25%    {res} 13297.69       10405.05       {txt}Sum of Wgt. {res}        150

{txt}50%    {res} 15453.27                      {txt}Mean          {res} 15174.25
                        {txt}Largest       Std. Dev.     {res} 2312.597
{txt}75%    {res} 16574.21       20300.61
{txt}90%    {res} 18271.44       20446.41       {txt}Variance      {res}  5348106
{txt}95%    {res} 19043.96       20757.53       {txt}Skewness      {res} .1371925
{txt}99%    {res} 20757.53       20864.72       {txt}Kurtosis      {res} 2.753477
{txt}
{com}. 
. 
. * TOTAL/DYNAMIC MULTIPLIER & BASELINE LONG-RUN EFFECTS OF  real_pc_inc_ann ON hvd:  75TH PERCENTILE VALUE OF real_pc_inc_ann MINUS 25TH PERCENTILE VALUE OF real_pc_inc_ann FOR EFFECTIVE SAMPLE PERIOD 
. 
. 
. nlcom  (_b[l.real_pc_inc_ann] / - _b[l.hvd])*16574.21   -  (_b[l.real_pc_inc_ann] / - _b[l.hvd])*13297.69   

       {txt}_nl_1:  {res}(_b[l.real_pc_inc_ann] / - _b[l.hvd])*16574.21 - (_b[l.real_pc_inc_ann] / - _b[l.hvd])*13297.69

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}       D.hvd{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      z{col 46}   P>|z|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 7}_nl_1 {c |}{col 14}{res}{space 2} 2.928606{col 26}{space 2} 2.957664{col 37}{space 1}    0.99{col 46}{space 3}0.322{col 54}{space 4}-2.868309{col 67}{space 3} 8.725522
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. 
. 
. 
. restore 
{txt}
{com}. 
. 
. ******************************************************************************
. ******************************************************************************
. ******************************************************************************
. ******************************************************************************
. ******************************************************************************
. ******************************************************************************
. ******************************************************************************
. ******************************************************************************
. ******************************************************************************
. ******************************************************************************
. ******************************************************************************
. ******************************************************************************
. ******************************************************************************
. ******************************************************************************
. ******************************************************************************
. ******************************************************************************
. ******************************************************************************
. ******************************************************************************
. ******************************************************************************
. ******************************************************************************
. 
. 
. 
. preserve
{txt}
{com}. 
. 
. 
. 
. //(5,4) MODEL
. 
. 
. 
. 
. *** IV.A: OLD SOUTH STATES (N = 9): FULL TIME PERIOD (1942 - 2010) ***
. 
. 
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. 
. 
. 
. 
. // (5,4)  MODEL
. 
. 
. 
. *** IV.C: OLD SOUTH STATES (N = 9): POST-PARTISAN ALIGNMENT TIME PERIOD (1981 - 2010) ***
. 
. 
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. 
. qui reg d.real_pc_inc_ann  l.real_pc_inc_ann l.hvd   l.d.real_pc_inc_ann d.hvd  l2.d.real_pc_inc_ann  l.d.hvd  l3.d.real_pc_inc_ann l2.d.hvd  l4.d.real_pc_inc_ann l3.d.hvd  l.csi_perc_cap_outlays l.d.csi_perc_cap_outlays l.right_to_work l.d.right_to_work  l.csi_welf_perc_total l.d.csi_welf_perc_total l.nonfarm_persinc l.d.nonfarm_persinc l.gov_party l.d.gov_party l.dem_unified l.d.dem_unified l.rep_unified l.d.rep_unified  i.state_fips i.year if year >1980 & oldsouth==1
{txt}
{com}. estat ic

Akaike's information criterion and Bayesian information criterion

{txt}{hline 13}{c TT}{hline 63}
       Model {c |}        Obs  ll(null)  ll(model)      df         AIC        BIC
{hline 13}{c +}{hline 63}
{ralign 12:.}{col 14}{c |}{res}{col 16}       270{col 27}-1889.087{col 38}-1746.678{col 49}    60{col 58} 3613.355{col 69}  3829.26
{txt}{hline 13}{c BT}{hline 63}
{p 15 21 2}
Note: N=Obs used in calculating BIC; see {helpb bic_note:[R] BIC note}.
{p_end}

{com}. 
. 
. ******INCOME EQUATION*********
. 
. newey d.real_pc_inc_ann  l.real_pc_inc_ann l.hvd   l.d.real_pc_inc_ann d.hvd  l2.d.real_pc_inc_ann  l.d.hvd  l3.d.real_pc_inc_ann l2.d.hvd  l4.d.real_pc_inc_ann l3.d.hvd  l.csi_perc_cap_outlays l.d.csi_perc_cap_outlays l.right_to_work l.d.right_to_work  l.csi_welf_perc_total l.d.csi_welf_perc_total l.nonfarm_persinc l.d.nonfarm_persinc l.gov_party l.d.gov_party l.dem_unified l.d.dem_unified l.rep_unified l.d.rep_unified  i.state_fips i.year if year >1980 & oldsouth==1, lag(5) force
{txt}note: LD.right_to_work omitted because of collinearity
note: 54.state_fips omitted because of collinearity

Regression with Newey-West standard errors{col 49}Number of obs{col 67}= {res}       270
{txt}maximum lag: {res}5{col 49}{txt}F( 59,       210){col 67}= {res}     35.68
{col 49}{txt}Prob > F{col 67}= {res}    0.0000

{txt}{hline 21}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 22}{c |}{col 34}  Newey-West
{col 1}   D.real_pc_inc_ann{col 22}{c |}      Coef.{col 34}   Std. Err.{col 46}      t{col 54}   P>|t|{col 62}     [95% Con{col 75}f. Interval]
{hline 21}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 5}real_pc_inc_ann {c |}
{space 17}L1. {c |}{col 22}{res}{space 2}-.1763836{col 34}{space 2} .0378428{col 45}{space 1}   -4.66{col 54}{space 3}0.000{col 62}{space 4}-.2509841{col 75}{space 3}-.1017831
{txt}{space 20} {c |}
{space 17}hvd {c |}
{space 17}L1. {c |}{col 22}{res}{space 2}-5.298918{col 34}{space 2} 3.223628{col 45}{space 1}   -1.64{col 54}{space 3}0.102{col 62}{space 4}-11.65374{col 75}{space 3}   1.0559
{txt}{space 20} {c |}
{space 5}real_pc_inc_ann {c |}
{space 17}LD. {c |}{col 22}{res}{space 2} .1396891{col 34}{space 2} .1426628{col 45}{space 1}    0.98{col 54}{space 3}0.329{col 62}{space 4}-.1415457{col 75}{space 3} .4209239
{txt}{space 20} {c |}
{space 17}hvd {c |}
{space 17}D1. {c |}{col 22}{res}{space 2}-.9449895{col 34}{space 2} 2.897947{col 45}{space 1}   -0.33{col 54}{space 3}0.745{col 62}{space 4}-6.657785{col 75}{space 3} 4.767806
{txt}{space 20} {c |}
{space 5}real_pc_inc_ann {c |}
{space 16}L2D. {c |}{col 22}{res}{space 2} .2535104{col 34}{space 2} .1303458{col 45}{space 1}    1.94{col 54}{space 3}0.053{col 62}{space 4}-.0034435{col 75}{space 3} .5104642
{txt}{space 20} {c |}
{space 17}hvd {c |}
{space 17}LD. {c |}{col 22}{res}{space 2}  3.56951{col 34}{space 2} 3.429471{col 45}{space 1}    1.04{col 54}{space 3}0.299{col 62}{space 4} -3.19109{col 75}{space 3} 10.33011
{txt}{space 20} {c |}
{space 5}real_pc_inc_ann {c |}
{space 16}L3D. {c |}{col 22}{res}{space 2}-.0610087{col 34}{space 2} .0932221{col 45}{space 1}   -0.65{col 54}{space 3}0.514{col 62}{space 4}-.2447797{col 75}{space 3} .1227623
{txt}{space 20} {c |}
{space 17}hvd {c |}
{space 16}L2D. {c |}{col 22}{res}{space 2} 1.186153{col 34}{space 2} 2.902159{col 45}{space 1}    0.41{col 54}{space 3}0.683{col 62}{space 4}-4.534945{col 75}{space 3} 6.907251
{txt}{space 20} {c |}
{space 5}real_pc_inc_ann {c |}
{space 16}L4D. {c |}{col 22}{res}{space 2} .1432363{col 34}{space 2} .0653005{col 45}{space 1}    2.19{col 54}{space 3}0.029{col 62}{space 4} .0145078{col 75}{space 3} .2719648
{txt}{space 20} {c |}
{space 17}hvd {c |}
{space 16}L3D. {c |}{col 22}{res}{space 2} 1.288274{col 34}{space 2} 2.488535{col 45}{space 1}    0.52{col 54}{space 3}0.605{col 62}{space 4}-3.617436{col 75}{space 3} 6.193984
{txt}{space 20} {c |}
csi_perc_cap_outlays {c |}
{space 17}L1. {c |}{col 22}{res}{space 2} 49.12118{col 34}{space 2} 1003.233{col 45}{space 1}    0.05{col 54}{space 3}0.961{col 62}{space 4}-1928.577{col 75}{space 3} 2026.819
{txt}{space 17}LD. {c |}{col 22}{res}{space 2} 686.5299{col 34}{space 2} 1209.216{col 45}{space 1}    0.57{col 54}{space 3}0.571{col 62}{space 4}-1697.227{col 75}{space 3} 3070.286
{txt}{space 20} {c |}
{space 7}right_to_work {c |}
{space 17}L1. {c |}{col 22}{res}{space 2} 205.7269{col 34}{space 2} 61.42379{col 45}{space 1}    3.35{col 54}{space 3}0.001{col 62}{space 4} 84.64069{col 75}{space 3} 326.8132
{txt}{space 17}LD. {c |}{col 22}{res}{space 2}        0{col 34}{txt}  (omitted)
{space 20} {c |}
{space 1}csi_welf_perc_total {c |}
{space 17}L1. {c |}{col 22}{res}{space 2}-127.3556{col 34}{space 2} 775.0747{col 45}{space 1}   -0.16{col 54}{space 3}0.870{col 62}{space 4} -1655.28{col 75}{space 3} 1400.568
{txt}{space 17}LD. {c |}{col 22}{res}{space 2}-1258.751{col 34}{space 2} 1139.973{col 45}{space 1}   -1.10{col 54}{space 3}0.271{col 62}{space 4}-3506.007{col 75}{space 3} 988.5054
{txt}{space 20} {c |}
{space 5}nonfarm_persinc {c |}
{space 17}L1. {c |}{col 22}{res}{space 2} 4840.199{col 34}{space 2} 3503.672{col 45}{space 1}    1.38{col 54}{space 3}0.169{col 62}{space 4}-2066.677{col 75}{space 3} 11747.08
{txt}{space 17}LD. {c |}{col 22}{res}{space 2} 4356.677{col 34}{space 2} 2990.408{col 45}{space 1}    1.46{col 54}{space 3}0.147{col 62}{space 4}-1538.389{col 75}{space 3} 10251.74
{txt}{space 20} {c |}
{space 11}gov_party {c |}
{space 17}L1. {c |}{col 22}{res}{space 2}-123.1298{col 34}{space 2} 58.76332{col 45}{space 1}   -2.10{col 54}{space 3}0.037{col 62}{space 4}-238.9714{col 75}{space 3}-7.288217
{txt}{space 17}LD. {c |}{col 22}{res}{space 2} 176.2717{col 34}{space 2} 116.5634{col 45}{space 1}    1.51{col 54}{space 3}0.132{col 62}{space 4}-53.51253{col 75}{space 3} 406.0559
{txt}{space 20} {c |}
{space 9}dem_unified {c |}
{space 17}L1. {c |}{col 22}{res}{space 2} 173.9936{col 34}{space 2} 56.95406{col 45}{space 1}    3.05{col 54}{space 3}0.003{col 62}{space 4} 61.71864{col 75}{space 3} 286.2685
{txt}{space 17}LD. {c |}{col 22}{res}{space 2}-184.8801{col 34}{space 2} 124.0842{col 45}{space 1}   -1.49{col 54}{space 3}0.138{col 62}{space 4}-429.4904{col 75}{space 3} 59.73029
{txt}{space 20} {c |}
{space 9}rep_unified {c |}
{space 17}L1. {c |}{col 22}{res}{space 2}-159.3692{col 34}{space 2} 58.58843{col 45}{space 1}   -2.72{col 54}{space 3}0.007{col 62}{space 4} -274.866{col 75}{space 3} -43.8724
{txt}{space 17}LD. {c |}{col 22}{res}{space 2} 215.1259{col 34}{space 2} 116.1282{col 45}{space 1}    1.85{col 54}{space 3}0.065{col 62}{space 4}-13.80052{col 75}{space 3} 444.0523
{txt}{space 20} {c |}
{space 10}state_fips {c |}
{space 18}5  {c |}{col 22}{res}{space 2} 29.65898{col 34}{space 2} 87.46103{col 45}{space 1}    0.34{col 54}{space 3}0.735{col 62}{space 4}-142.7551{col 75}{space 3} 202.0731
{txt}{space 17}21  {c |}{col 22}{res}{space 2} 202.8267{col 34}{space 2} 66.02839{col 45}{space 1}    3.07{col 54}{space 3}0.002{col 62}{space 4} 72.66328{col 75}{space 3} 332.9901
{txt}{space 17}22  {c |}{col 22}{res}{space 2} 86.14078{col 34}{space 2} 78.66105{col 45}{space 1}    1.10{col 54}{space 3}0.275{col 62}{space 4}-68.92569{col 75}{space 3} 241.2072
{txt}{space 17}28  {c |}{col 22}{res}{space 2}-221.8388{col 34}{space 2} 70.01166{col 45}{space 1}   -3.17{col 54}{space 3}0.002{col 62}{space 4}-359.8546{col 75}{space 3}-83.82311
{txt}{space 17}40  {c |}{col 22}{res}{space 2} 144.0479{col 34}{space 2} 61.94477{col 45}{space 1}    2.33{col 54}{space 3}0.021{col 62}{space 4} 21.93464{col 75}{space 3} 266.1612
{txt}{space 17}45  {c |}{col 22}{res}{space 2}-7.013332{col 34}{space 2} 42.66418{col 45}{space 1}   -0.16{col 54}{space 3}0.870{col 62}{space 4}-91.11828{col 75}{space 3} 77.09162
{txt}{space 17}47  {c |}{col 22}{res}{space 2} 156.5252{col 34}{space 2} 84.26029{col 45}{space 1}    1.86{col 54}{space 3}0.065{col 62}{space 4}-9.579217{col 75}{space 3} 322.6296
{txt}{space 17}54  {c |}{col 22}{res}{space 2}        0{col 34}{txt}  (omitted)
{space 20} {c |}
{space 16}year {c |}
{space 15}1982  {c |}{col 22}{res}{space 2}-2.575722{col 34}{space 2} 122.7757{col 45}{space 1}   -0.02{col 54}{space 3}0.983{col 62}{space 4}-244.6065{col 75}{space 3}  239.455
{txt}{space 15}1983  {c |}{col 22}{res}{space 2} -6.49999{col 34}{space 2} 135.8847{col 45}{space 1}   -0.05{col 54}{space 3}0.962{col 62}{space 4}-274.3729{col 75}{space 3}  261.373
{txt}{space 15}1984  {c |}{col 22}{res}{space 2} 443.6769{col 34}{space 2} 118.5136{col 45}{space 1}    3.74{col 54}{space 3}0.000{col 62}{space 4} 210.0481{col 75}{space 3} 677.3057
{txt}{space 15}1985  {c |}{col 22}{res}{space 2} 169.6714{col 34}{space 2} 156.1213{col 45}{space 1}    1.09{col 54}{space 3}0.278{col 62}{space 4}-138.0943{col 75}{space 3} 477.4372
{txt}{space 15}1986  {c |}{col 22}{res}{space 2} 71.95764{col 34}{space 2} 132.5543{col 45}{space 1}    0.54{col 54}{space 3}0.588{col 62}{space 4}-189.3499{col 75}{space 3} 333.2652
{txt}{space 15}1987  {c |}{col 22}{res}{space 2} 119.6933{col 34}{space 2} 129.3091{col 45}{space 1}    0.93{col 54}{space 3}0.356{col 62}{space 4}-135.2169{col 75}{space 3} 374.6035
{txt}{space 15}1988  {c |}{col 22}{res}{space 2} 364.7029{col 34}{space 2}  116.061{col 45}{space 1}    3.14{col 54}{space 3}0.002{col 62}{space 4}  135.909{col 75}{space 3} 593.4968
{txt}{space 15}1989  {c |}{col 22}{res}{space 2} 407.8644{col 34}{space 2} 151.7821{col 45}{space 1}    2.69{col 54}{space 3}0.008{col 62}{space 4} 108.6527{col 75}{space 3} 707.0762
{txt}{space 15}1990  {c |}{col 22}{res}{space 2} 190.6622{col 34}{space 2} 143.3427{col 45}{space 1}    1.33{col 54}{space 3}0.185{col 62}{space 4}-91.91283{col 75}{space 3} 473.2372
{txt}{space 15}1991  {c |}{col 22}{res}{space 2} 186.0312{col 34}{space 2} 131.1495{col 45}{space 1}    1.42{col 54}{space 3}0.158{col 62}{space 4}-72.50692{col 75}{space 3} 444.5694
{txt}{space 15}1992  {c |}{col 22}{res}{space 2} 576.6459{col 34}{space 2} 133.4917{col 45}{space 1}    4.32{col 54}{space 3}0.000{col 62}{space 4} 313.4903{col 75}{space 3} 839.8015
{txt}{space 15}1993  {c |}{col 22}{res}{space 2} 350.6992{col 34}{space 2} 178.8566{col 45}{space 1}    1.96{col 54}{space 3}0.051{col 62}{space 4}-1.885217{col 75}{space 3} 703.2836
{txt}{space 15}1994  {c |}{col 22}{res}{space 2} 501.0157{col 34}{space 2}   149.11{col 45}{space 1}    3.36{col 54}{space 3}0.001{col 62}{space 4} 207.0715{col 75}{space 3} 794.9599
{txt}{space 15}1995  {c |}{col 22}{res}{space 2} 492.7292{col 34}{space 2} 180.8178{col 45}{space 1}    2.73{col 54}{space 3}0.007{col 62}{space 4} 136.2786{col 75}{space 3} 849.1798
{txt}{space 15}1996  {c |}{col 22}{res}{space 2} 442.3946{col 34}{space 2} 159.0502{col 45}{space 1}    2.78{col 54}{space 3}0.006{col 62}{space 4}  128.855{col 75}{space 3} 755.9342
{txt}{space 15}1997  {c |}{col 22}{res}{space 2} 646.1545{col 34}{space 2} 172.1983{col 45}{space 1}    3.75{col 54}{space 3}0.000{col 62}{space 4} 306.6957{col 75}{space 3} 985.6133
{txt}{space 15}1998  {c |}{col 22}{res}{space 2} 877.4327{col 34}{space 2} 182.1794{col 45}{space 1}    4.82{col 54}{space 3}0.000{col 62}{space 4}  518.298{col 75}{space 3} 1236.568
{txt}{space 15}1999  {c |}{col 22}{res}{space 2} 574.2653{col 34}{space 2} 218.2324{col 45}{space 1}    2.63{col 54}{space 3}0.009{col 62}{space 4} 144.0584{col 75}{space 3} 1004.472
{txt}{space 15}2000  {c |}{col 22}{res}{space 2} 751.8509{col 34}{space 2} 180.0167{col 45}{space 1}    4.18{col 54}{space 3}0.000{col 62}{space 4} 396.9796{col 75}{space 3} 1106.722
{txt}{space 15}2001  {c |}{col 22}{res}{space 2} 824.8639{col 34}{space 2} 218.1671{col 45}{space 1}    3.78{col 54}{space 3}0.000{col 62}{space 4} 394.7856{col 75}{space 3} 1254.942
{txt}{space 15}2002  {c |}{col 22}{res}{space 2} 607.4488{col 34}{space 2}  207.181{col 45}{space 1}    2.93{col 54}{space 3}0.004{col 62}{space 4} 199.0277{col 75}{space 3}  1015.87
{txt}{space 15}2003  {c |}{col 22}{res}{space 2}  723.727{col 34}{space 2} 200.7356{col 45}{space 1}    3.61{col 54}{space 3}0.000{col 62}{space 4} 328.0119{col 75}{space 3} 1119.442
{txt}{space 15}2004  {c |}{col 22}{res}{space 2} 1016.761{col 34}{space 2} 229.3417{col 45}{space 1}    4.43{col 54}{space 3}0.000{col 62}{space 4} 564.6542{col 75}{space 3} 1468.868
{txt}{space 15}2005  {c |}{col 22}{res}{space 2} 943.6053{col 34}{space 2} 252.9561{col 45}{space 1}    3.73{col 54}{space 3}0.000{col 62}{space 4} 444.9467{col 75}{space 3} 1442.264
{txt}{space 15}2006  {c |}{col 22}{res}{space 2} 1212.788{col 34}{space 2} 247.0168{col 45}{space 1}    4.91{col 54}{space 3}0.000{col 62}{space 4} 725.8377{col 75}{space 3} 1699.738
{txt}{space 15}2007  {c |}{col 22}{res}{space 2}  1075.43{col 34}{space 2} 273.9127{col 45}{space 1}    3.93{col 54}{space 3}0.000{col 62}{space 4} 535.4589{col 75}{space 3} 1615.401
{txt}{space 15}2008  {c |}{col 22}{res}{space 2} 950.7159{col 34}{space 2} 306.9177{col 45}{space 1}    3.10{col 54}{space 3}0.002{col 62}{space 4} 345.6815{col 75}{space 3}  1555.75
{txt}{space 15}2009  {c |}{col 22}{res}{space 2} 356.4943{col 34}{space 2} 233.3163{col 45}{space 1}    1.53{col 54}{space 3}0.128{col 62}{space 4}-103.4479{col 75}{space 3} 816.4365
{txt}{space 15}2010  {c |}{col 22}{res}{space 2} 1057.933{col 34}{space 2}  193.174{col 45}{space 1}    5.48{col 54}{space 3}0.000{col 62}{space 4} 677.1245{col 75}{space 3} 1438.742
{txt}{space 20} {c |}
{space 15}_cons {c |}{col 22}{res}{space 2}-2808.583{col 34}{space 2}  3549.58{col 45}{space 1}   -0.79{col 54}{space 3}0.430{col 62}{space 4}-9805.957{col 75}{space 3} 4188.792
{txt}{hline 21}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. predict real_pc_inc_annhatallpost if year>1980 & oldsouth==1
{txt}(option xb assumed; fitted values)
(3,069 missing values generated)

{com}. 
. 
. 
. * TESTING INCOME ERROR CORRECTION RATE *
. 
. test l.real_pc_inc_ann = 0 

{p 0 7}{space 1}{text:( 1)}{space 1} {res}L.real_pc_inc_ann = 0{p_end}

{txt}       F(  1,   210) ={res}   21.72
{txt}{col 13}Prob > F ={res}    0.0000
{txt}
{com}. 
. 
. * TESTING INCOME FOR COINTEGRATION VIA LONG-RUN COEFFICIENT JOINT EQUALITY WITH ZERO (WEAK EXOGENIETY)*
. 
. test l.real_pc_inc_ann = l.hvd = 0

{p 0 7}{space 1}{text:( 1)}{space 1} {res}L.real_pc_inc_ann - L.hvd = 0{p_end}
{p 0 7}{space 1}{text:( 2)}{space 1} L.real_pc_inc_ann = 0{p_end}

{txt}       F(  2,   210) ={res}   12.56
{txt}{col 13}Prob > F ={res}    0.0000
{txt}
{com}. 
. 
. 
. * ESTIMATING CUMULATIVE SHORT-RUN EFFECTS FOR NON-LEFT-HAND SIDE VARIABLE *
. 
. lincom  d.hvd +  l.d.hvd +  l2.d.hvd +  l3.d.hvd 

{p 0 7}{space 1}{text:( 1)}{space 1} {res}D.hvd + LD.hvd + L2D.hvd + L3D.hvd = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}D.          {col 14}{c |}
{col 1}real_pc_in~n{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2} 5.098948{col 26}{space 2} 8.312922{col 37}{space 1}    0.61{col 46}{space 3}0.540{col 54}{space 4}-11.28852{col 67}{space 3} 21.48642
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. 
. * TESTING FOR LONG-RUN MULTIPLIER EFFECT *
. 
. nlcom _b[l.hvd]/-_b[l.real_pc_inc_ann] 

       {txt}_nl_1:  {res}_b[l.hvd]/-_b[l.real_pc_inc_ann]

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}D.          {col 14}{c |}
{col 1}real_pc_in~n{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      z{col 46}   P>|z|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 7}_nl_1 {c |}{col 14}{res}{space 2}-30.04201{col 26}{space 2} 19.63368{col 37}{space 1}   -1.53{col 46}{space 3}0.126{col 54}{space 4}-68.52331{col 67}{space 3}  8.43929
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. 
. sum hvd   if real_pc_inc_annhatallpost!=. & year > 1980 & oldsouth==1, detail

                             {txt}hvd
{hline 61}
      Percentiles      Smallest
 1%    {res} 61.06918       60.28594
{txt} 5%    {res} 62.71048       60.28594
{txt}10%    {res} 64.23743       61.06918       {txt}Obs         {res}        270
{txt}25%    {res} 67.36402       61.80708       {txt}Sum of Wgt. {res}        270

{txt}50%    {res} 72.20929                      {txt}Mean          {res} 72.76944
                        {txt}Largest       Std. Dev.     {res} 6.611752
{txt}75%    {res}  78.6899       87.73048
{txt}90%    {res} 81.52129       88.28371       {txt}Variance      {res} 43.71526
{txt}95%    {res} 83.04592       88.33681       {txt}Skewness      {res} .1804579
{txt}99%    {res} 88.28371       88.41774       {txt}Kurtosis      {res} 2.038208
{txt}
{com}. 
. 
. 
. * TOTAL/DYNAMIC MULTIPLIER & BASELINE LONG-RUN EFFECTS  OF  hvd ON real_pc_inc_ann:  75TH PERCENTILE VALUE OF hvd MINUS 25TH PERCENTILE VALUE OF hvd FOR EFFECTIVE SAMPLE PERIOD *
. 
. 
. nlcom  (_b[l.hvd] / - _b[l.real_pc_inc_ann])*81.81818  -  (_b[l.hvd] / - _b[l.real_pc_inc_ann])*39.04762

       {txt}_nl_1:  {res}(_b[l.hvd] / - _b[l.real_pc_inc_ann])*81.81818 - (_b[l.hvd] / - _b[l.real_pc_inc_ann])*39.04762

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}D.          {col 14}{c |}
{col 1}real_pc_in~n{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      z{col 46}   P>|z|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 7}_nl_1 {c |}{col 14}{res}{space 2}-1284.914{col 26}{space 2} 839.7434{col 37}{space 1}   -1.53{col 46}{space 3}0.126{col 54}{space 4}-2930.781{col 67}{space 3} 360.9532
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. 
. 
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. ******************************************************************************************************************************************************************************************************************************************************************************************************************************************************************
. 
. qui reg d.hvd  l.hvd l.real_pc_inc_ann l.d.hvd d.real_pc_inc_ann  l2.d.hvd  l.d.real_pc_inc_ann  l3.d.hvd l2.d.real_pc_inc_ann  l4.d.hvd l3.d.real_pc_inc_ann  l.gov_party l.d.gov_party l.dem_unified l.d.dem_unified l.rep_unified l.d.rep_unified l.electedjudges1 l.d.electedjudges1  i.state_fips i.year if year >1980 & oldsouth==1
{txt}
{com}. estat ic

Akaike's information criterion and Bayesian information criterion

{txt}{hline 13}{c TT}{hline 63}
       Model {c |}        Obs  ll(null)  ll(model)      df         AIC        BIC
{hline 13}{c +}{hline 63}
{ralign 12:.}{col 14}{c |}{res}{col 16}       270{col 27}-709.0833{col 38}-637.7471{col 49}    56{col 58} 1387.494{col 69} 1589.006
{txt}{hline 13}{c BT}{hline 63}
{p 15 21 2}
Note: N=Obs used in calculating BIC; see {helpb bic_note:[R] BIC note}.
{p_end}

{com}. 
. 
. ******PARTISAN COMPETITION EQUATION*********
. 
. newey d.hvd  l.hvd l.real_pc_inc_ann l.d.hvd d.real_pc_inc_ann  l2.d.hvd  l.d.real_pc_inc_ann  l3.d.hvd l2.d.real_pc_inc_ann  l4.d.hvd l3.d.real_pc_inc_ann  l.gov_party l.d.gov_party l.dem_unified l.d.dem_unified l.rep_unified l.d.rep_unified l.electedjudges1 l.d.electedjudges1  i.state_fips i.year if year >1980 & oldsouth==1, lag(5) force

{txt}Regression with Newey-West standard errors{col 49}Number of obs{col 67}= {res}       270
{txt}maximum lag: {res}5{col 49}{txt}F( 55,       214){col 67}= {res}      4.50
{col 49}{txt}Prob > F{col 67}= {res}    0.0000

{txt}{hline 16}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 17}{c |}{col 29}  Newey-West
{col 1}          D.hvd{col 17}{c |}      Coef.{col 29}   Std. Err.{col 41}      t{col 49}   P>|t|{col 57}     [95% Con{col 70}f. Interval]
{hline 16}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 12}hvd {c |}
{space 12}L1. {c |}{col 17}{res}{space 2}-.3718308{col 29}{space 2} .1050538{col 40}{space 1}   -3.54{col 49}{space 3}0.000{col 57}{space 4}-.5789036{col 70}{space 3}-.1647579
{txt}{space 15} {c |}
real_pc_inc_ann {c |}
{space 12}L1. {c |}{col 17}{res}{space 2} .0003658{col 29}{space 2} .0005287{col 40}{space 1}    0.69{col 49}{space 3}0.490{col 57}{space 4}-.0006764{col 70}{space 3} .0014079
{txt}{space 15} {c |}
{space 12}hvd {c |}
{space 12}LD. {c |}{col 17}{res}{space 2}-.2506871{col 29}{space 2}  .087787{col 40}{space 1}   -2.86{col 49}{space 3}0.005{col 57}{space 4}-.4237251{col 70}{space 3}-.0776491
{txt}{space 15} {c |}
real_pc_inc_ann {c |}
{space 12}D1. {c |}{col 17}{res}{space 2}-.0007218{col 29}{space 2} .0007759{col 40}{space 1}   -0.93{col 49}{space 3}0.353{col 57}{space 4}-.0022511{col 70}{space 3} .0008075
{txt}{space 15} {c |}
{space 12}hvd {c |}
{space 11}L2D. {c |}{col 17}{res}{space 2} .0079536{col 29}{space 2} .0526538{col 40}{space 1}    0.15{col 49}{space 3}0.880{col 57}{space 4}-.0958329{col 70}{space 3} .1117401
{txt}{space 15} {c |}
real_pc_inc_ann {c |}
{space 12}LD. {c |}{col 17}{res}{space 2} .0000414{col 29}{space 2} .0009122{col 40}{space 1}    0.05{col 49}{space 3}0.964{col 57}{space 4}-.0017567{col 70}{space 3} .0018395
{txt}{space 15} {c |}
{space 12}hvd {c |}
{space 11}L3D. {c |}{col 17}{res}{space 2}-.0291413{col 29}{space 2}  .062513{col 40}{space 1}   -0.47{col 49}{space 3}0.642{col 57}{space 4}-.1523613{col 70}{space 3} .0940787
{txt}{space 15} {c |}
real_pc_inc_ann {c |}
{space 11}L2D. {c |}{col 17}{res}{space 2} -.000119{col 29}{space 2} .0011347{col 40}{space 1}   -0.10{col 49}{space 3}0.917{col 57}{space 4}-.0023556{col 70}{space 3} .0021177
{txt}{space 15} {c |}
{space 12}hvd {c |}
{space 11}L4D. {c |}{col 17}{res}{space 2} .0285535{col 29}{space 2} .0653702{col 40}{space 1}    0.44{col 49}{space 3}0.663{col 57}{space 4}-.1002984{col 70}{space 3} .1574054
{txt}{space 15} {c |}
real_pc_inc_ann {c |}
{space 11}L3D. {c |}{col 17}{res}{space 2} .0002493{col 29}{space 2}  .001116{col 40}{space 1}    0.22{col 49}{space 3}0.823{col 57}{space 4}-.0019504{col 70}{space 3} .0024491
{txt}{space 15} {c |}
{space 6}gov_party {c |}
{space 12}L1. {c |}{col 17}{res}{space 2} 1.138649{col 29}{space 2} .7779362{col 40}{space 1}    1.46{col 49}{space 3}0.145{col 57}{space 4}-.3947499{col 70}{space 3} 2.672048
{txt}{space 12}LD. {c |}{col 17}{res}{space 2}-1.216427{col 29}{space 2}  1.20561{col 40}{space 1}   -1.01{col 49}{space 3}0.314{col 57}{space 4}-3.592819{col 70}{space 3} 1.159964
{txt}{space 15} {c |}
{space 4}dem_unified {c |}
{space 12}L1. {c |}{col 17}{res}{space 2}-.0170049{col 29}{space 2} .7919213{col 40}{space 1}   -0.02{col 49}{space 3}0.983{col 57}{space 4} -1.57797{col 70}{space 3}  1.54396
{txt}{space 12}LD. {c |}{col 17}{res}{space 2} .6832715{col 29}{space 2} 1.197715{col 40}{space 1}    0.57{col 49}{space 3}0.569{col 57}{space 4}-1.677558{col 70}{space 3} 3.044101
{txt}{space 15} {c |}
{space 4}rep_unified {c |}
{space 12}L1. {c |}{col 17}{res}{space 2}-.1299403{col 29}{space 2} .7504746{col 40}{space 1}   -0.17{col 49}{space 3}0.863{col 57}{space 4}-1.609209{col 70}{space 3} 1.349329
{txt}{space 12}LD. {c |}{col 17}{res}{space 2}-1.707956{col 29}{space 2} 1.643883{col 40}{space 1}   -1.04{col 49}{space 3}0.300{col 57}{space 4}-4.948233{col 70}{space 3} 1.532321
{txt}{space 15} {c |}
{space 1}electedjudges1 {c |}
{space 12}L1. {c |}{col 17}{res}{space 2}-.0371675{col 29}{space 2} .8017412{col 40}{space 1}   -0.05{col 49}{space 3}0.963{col 57}{space 4}-1.617489{col 70}{space 3} 1.543154
{txt}{space 12}LD. {c |}{col 17}{res}{space 2}-1.935185{col 29}{space 2} 2.207203{col 40}{space 1}   -0.88{col 49}{space 3}0.382{col 57}{space 4}-6.285828{col 70}{space 3} 2.415459
{txt}{space 15} {c |}
{space 5}state_fips {c |}
{space 13}5  {c |}{col 17}{res}{space 2} 3.800308{col 29}{space 2}  1.22227{col 40}{space 1}    3.11{col 49}{space 3}0.002{col 57}{space 4} 1.391078{col 70}{space 3} 6.209538
{txt}{space 12}21  {c |}{col 17}{res}{space 2} -.246929{col 29}{space 2}  .546968{col 40}{space 1}   -0.45{col 49}{space 3}0.652{col 57}{space 4}-1.325064{col 70}{space 3} .8312057
{txt}{space 12}22  {c |}{col 17}{res}{space 2} 4.615033{col 29}{space 2} 1.273569{col 40}{space 1}    3.62{col 49}{space 3}0.000{col 57}{space 4} 2.104687{col 70}{space 3}  7.12538
{txt}{space 12}28  {c |}{col 17}{res}{space 2} 1.173867{col 29}{space 2} 1.265473{col 40}{space 1}    0.93{col 49}{space 3}0.355{col 57}{space 4}-1.320522{col 70}{space 3} 3.668256
{txt}{space 12}40  {c |}{col 17}{res}{space 2} 3.344229{col 29}{space 2} 1.291797{col 40}{space 1}    2.59{col 49}{space 3}0.010{col 57}{space 4} .7979541{col 70}{space 3} 5.890505
{txt}{space 12}45  {c |}{col 17}{res}{space 2}-1.445944{col 29}{space 2} 1.082234{col 40}{space 1}   -1.34{col 49}{space 3}0.183{col 57}{space 4}-3.579148{col 70}{space 3} .6872598
{txt}{space 12}47  {c |}{col 17}{res}{space 2}-.5376631{col 29}{space 2} 1.032175{col 40}{space 1}   -0.52{col 49}{space 3}0.603{col 57}{space 4}-2.572196{col 70}{space 3} 1.496869
{txt}{space 12}54  {c |}{col 17}{res}{space 2} 1.547437{col 29}{space 2} .7801452{col 40}{space 1}    1.98{col 49}{space 3}0.049{col 57}{space 4} .0096841{col 70}{space 3}  3.08519
{txt}{space 15} {c |}
{space 11}year {c |}
{space 10}1982  {c |}{col 17}{res}{space 2} .1372299{col 29}{space 2} 1.051731{col 40}{space 1}    0.13{col 49}{space 3}0.896{col 57}{space 4}-1.935848{col 70}{space 3} 2.210308
{txt}{space 10}1983  {c |}{col 17}{res}{space 2} 1.554059{col 29}{space 2} 2.087539{col 40}{space 1}    0.74{col 49}{space 3}0.457{col 57}{space 4}-2.560713{col 70}{space 3} 5.668831
{txt}{space 10}1984  {c |}{col 17}{res}{space 2} .7159424{col 29}{space 2} 2.021639{col 40}{space 1}    0.35{col 49}{space 3}0.724{col 57}{space 4}-3.268933{col 70}{space 3} 4.700817
{txt}{space 10}1985  {c |}{col 17}{res}{space 2} 2.459249{col 29}{space 2} 1.883899{col 40}{space 1}    1.31{col 49}{space 3}0.193{col 57}{space 4}-1.254125{col 70}{space 3} 6.172622
{txt}{space 10}1986  {c |}{col 17}{res}{space 2}-.8114032{col 29}{space 2} 1.842113{col 40}{space 1}   -0.44{col 49}{space 3}0.660{col 57}{space 4}-4.442413{col 70}{space 3} 2.819607
{txt}{space 10}1987  {c |}{col 17}{res}{space 2}-1.892164{col 29}{space 2} 1.386223{col 40}{space 1}   -1.36{col 49}{space 3}0.174{col 57}{space 4}-4.624563{col 70}{space 3}  .840235
{txt}{space 10}1988  {c |}{col 17}{res}{space 2} .6112709{col 29}{space 2} 1.482394{col 40}{space 1}    0.41{col 49}{space 3}0.680{col 57}{space 4}-2.310693{col 70}{space 3} 3.533234
{txt}{space 10}1989  {c |}{col 17}{res}{space 2} 2.867937{col 29}{space 2} 2.391839{col 40}{space 1}    1.20{col 49}{space 3}0.232{col 57}{space 4}-1.846643{col 70}{space 3} 7.582517
{txt}{space 10}1990  {c |}{col 17}{res}{space 2}-1.000296{col 29}{space 2} 1.604805{col 40}{space 1}   -0.62{col 49}{space 3}0.534{col 57}{space 4}-4.163545{col 70}{space 3} 2.162952
{txt}{space 10}1991  {c |}{col 17}{res}{space 2}-2.941411{col 29}{space 2}  1.98394{col 40}{space 1}   -1.48{col 49}{space 3}0.140{col 57}{space 4}-6.851977{col 70}{space 3} .9691551
{txt}{space 10}1992  {c |}{col 17}{res}{space 2}-.9143781{col 29}{space 2} 1.363662{col 40}{space 1}   -0.67{col 49}{space 3}0.503{col 57}{space 4}-3.602308{col 70}{space 3} 1.773552
{txt}{space 10}1993  {c |}{col 17}{res}{space 2}-1.040366{col 29}{space 2} 1.471316{col 40}{space 1}   -0.71{col 49}{space 3}0.480{col 57}{space 4}-3.940493{col 70}{space 3} 1.859761
{txt}{space 10}1994  {c |}{col 17}{res}{space 2}-.5203805{col 29}{space 2} 1.522156{col 40}{space 1}   -0.34{col 49}{space 3}0.733{col 57}{space 4}-3.520719{col 70}{space 3} 2.479958
{txt}{space 10}1995  {c |}{col 17}{res}{space 2}-1.143547{col 29}{space 2} 1.461823{col 40}{space 1}   -0.78{col 49}{space 3}0.435{col 57}{space 4}-4.024961{col 70}{space 3} 1.737868
{txt}{space 10}1996  {c |}{col 17}{res}{space 2}-.5032985{col 29}{space 2} 1.670871{col 40}{space 1}   -0.30{col 49}{space 3}0.764{col 57}{space 4}-3.796772{col 70}{space 3} 2.790175
{txt}{space 10}1997  {c |}{col 17}{res}{space 2}-.2667684{col 29}{space 2} 1.643759{col 40}{space 1}   -0.16{col 49}{space 3}0.871{col 57}{space 4}  -3.5068{col 70}{space 3} 2.973263
{txt}{space 10}1998  {c |}{col 17}{res}{space 2}-1.508794{col 29}{space 2} 1.903828{col 40}{space 1}   -0.79{col 49}{space 3}0.429{col 57}{space 4}-5.261451{col 70}{space 3} 2.243862
{txt}{space 10}1999  {c |}{col 17}{res}{space 2}-2.001514{col 29}{space 2} 2.060702{col 40}{space 1}   -0.97{col 49}{space 3}0.333{col 57}{space 4}-6.063387{col 70}{space 3} 2.060359
{txt}{space 10}2000  {c |}{col 17}{res}{space 2}-1.305979{col 29}{space 2} 2.079061{col 40}{space 1}   -0.63{col 49}{space 3}0.531{col 57}{space 4}-5.404039{col 70}{space 3} 2.792081
{txt}{space 10}2001  {c |}{col 17}{res}{space 2}-1.304924{col 29}{space 2} 2.265416{col 40}{space 1}   -0.58{col 49}{space 3}0.565{col 57}{space 4}-5.770311{col 70}{space 3} 3.160463
{txt}{space 10}2002  {c |}{col 17}{res}{space 2}-2.717113{col 29}{space 2}  2.42726{col 40}{space 1}   -1.12{col 49}{space 3}0.264{col 57}{space 4}-7.501513{col 70}{space 3} 2.067287
{txt}{space 10}2003  {c |}{col 17}{res}{space 2}-1.692767{col 29}{space 2}  2.32052{col 40}{space 1}   -0.73{col 49}{space 3}0.467{col 57}{space 4} -6.26677{col 70}{space 3} 2.881236
{txt}{space 10}2004  {c |}{col 17}{res}{space 2}-.7051876{col 29}{space 2} 2.577581{col 40}{space 1}   -0.27{col 49}{space 3}0.785{col 57}{space 4}-5.785887{col 70}{space 3} 4.375512
{txt}{space 10}2005  {c |}{col 17}{res}{space 2}-1.548925{col 29}{space 2} 2.724479{col 40}{space 1}   -0.57{col 49}{space 3}0.570{col 57}{space 4}-6.919176{col 70}{space 3} 3.821326
{txt}{space 10}2006  {c |}{col 17}{res}{space 2}-2.086902{col 29}{space 2} 2.753599{col 40}{space 1}   -0.76{col 49}{space 3}0.449{col 57}{space 4}-7.514551{col 70}{space 3} 3.340748
{txt}{space 10}2007  {c |}{col 17}{res}{space 2}-2.136977{col 29}{space 2} 2.806109{col 40}{space 1}   -0.76{col 49}{space 3}0.447{col 57}{space 4}-7.668131{col 70}{space 3} 3.394177
{txt}{space 10}2008  {c |}{col 17}{res}{space 2}-3.388803{col 29}{space 2} 2.951036{col 40}{space 1}   -1.15{col 49}{space 3}0.252{col 57}{space 4}-9.205623{col 70}{space 3} 2.428017
{txt}{space 10}2009  {c |}{col 17}{res}{space 2}-3.687289{col 29}{space 2} 2.961904{col 40}{space 1}   -1.24{col 49}{space 3}0.215{col 57}{space 4}-9.525532{col 70}{space 3} 2.150954
{txt}{space 10}2010  {c |}{col 17}{res}{space 2}-1.120602{col 29}{space 2}  3.18387{col 40}{space 1}   -0.35{col 49}{space 3}0.725{col 57}{space 4}-7.396364{col 70}{space 3} 5.155159
{txt}{space 15} {c |}
{space 10}_cons {c |}{col 17}{res}{space 2} 21.43639{col 29}{space 2}  7.52598{col 40}{space 1}    2.85{col 49}{space 3}0.005{col 57}{space 4} 6.601851{col 70}{space 3} 36.27094
{txt}{hline 16}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. predict hvdhatallpost if year>1980 & oldsouth==1
{txt}(option xb assumed; fitted values)
(3,069 missing values generated)

{com}. 
. 
. * 
. 
. * TESTING PARTISAN COMPETITION ERROR CORRECTION RATE *
. 
. test l.hvd = 0

{p 0 7}{space 1}{text:( 1)}{space 1} {res}L.hvd = 0{p_end}

{txt}       F(  1,   214) ={res}   12.53
{txt}{col 13}Prob > F ={res}    0.0005
{txt}
{com}. 
. 
. * TESTING PARTISAN COMPETITION FOR COINTEGRATION VIA LONG-RUN COEFFICIENT JOINT EQUALITY WITH ZERO (WEAK EXOGENEITY)*
. 
. test l.hvd = l.real_pc_inc_ann = 0

{p 0 7}{space 1}{text:( 1)}{space 1} {res}L.hvd - L.real_pc_inc_ann = 0{p_end}
{p 0 7}{space 1}{text:( 2)}{space 1} L.hvd = 0{p_end}

{txt}       F(  2,   214) ={res}    6.30
{txt}{col 13}Prob > F ={res}    0.0022
{txt}
{com}. 
. 
. 
. * ESTIMATING CUMULATIVE SHORT-RUN EFFECTS FOR NON-LEFT-HAND SIDE VARIABLE *
. 
. lincom  d.real_pc_inc_ann  +  l.d.real_pc_inc_ann  +  l2.d.real_pc_inc_ann  +  l3.d.real_pc_inc_ann 

{p 0 7}{space 1}{text:( 1)}{space 1} {res}D.real_pc_inc_ann + LD.real_pc_inc_ann + L2D.real_pc_inc_ann + L3D.real_pc_inc_ann = 0{p_end}

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}       D.hvd{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      t{col 46}   P>|t|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}  -.00055{col 26}{space 2} .0018143{col 37}{space 1}   -0.30{col 46}{space 3}0.762{col 54}{space 4}-.0041261{col 67}{space 3} .0030261
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. 
. * TESTING FOR LONG-RUN MULTIPLIER EFFECT *
. 
. nlcom _b[l.real_pc_inc_ann]/-_b[l.hvd]

       {txt}_nl_1:  {res}_b[l.real_pc_inc_ann]/-_b[l.hvd]

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}       D.hvd{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      z{col 46}   P>|z|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 7}_nl_1 {c |}{col 14}{res}{space 2} .0009837{col 26}{space 2} .0013729{col 37}{space 1}    0.72{col 46}{space 3}0.474{col 54}{space 4}-.0017072{col 67}{space 3} .0036746
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. 
. 
. 
. sum real_pc_inc_ann   if hvdhatallpost!=. & year > 1980 & oldsouth==1, detail

        {txt}Per Capita Annual Income (1982-1984 Constant
                          Dollars)
{hline 61}
      Percentiles      Smallest
 1%    {res} 8624.711       8530.043
{txt} 5%    {res} 9523.432       8604.584
{txt}10%    {res}  10065.1       8624.711       {txt}Obs         {res}        270
{txt}25%    {res}  11208.2       9026.411       {txt}Sum of Wgt. {res}        270

{txt}50%    {res} 12611.42                      {txt}Mean          {res} 12776.18
                        {txt}Largest       Std. Dev.     {res} 1990.397
{txt}75%    {res} 14367.06       16986.17
{txt}90%    {res} 15339.42        17263.1       {txt}Variance      {res}  3961682
{txt}95%    {res} 16033.95       17507.38       {txt}Skewness      {res}    .0862
{txt}99%    {res}  17263.1       17584.98       {txt}Kurtosis      {res} 2.270968
{txt}
{com}. 
. 
. * TOTAL/DYNAMIC MULTIPLIER & BASELINE LONG-RUN EFFECTS  OF  real_pc_inc_ann ON hvd:  75TH PERCENTILE VALUE OF real_pc_inc_ann MINUS 25TH PERCENTILE VALUE OF real_pc_inc_ann FOR EFFECTIVE SAMPLE PERIOD 
. 
. 
. nlcom  (_b[l.real_pc_inc_ann] / - _b[l.hvd])* 14367.06   -  (_b[l.real_pc_inc_ann] / - _b[l.hvd])* 11208.2

       {txt}_nl_1:  {res}(_b[l.real_pc_inc_ann] / - _b[l.hvd])* 14367.06 - (_b[l.real_pc_inc_ann] / - _b[l.hvd])* 11208.2

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}       D.hvd{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      z{col 46}   P>|z|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 7}_nl_1 {c |}{col 14}{res}{space 2} 3.107394{col 26}{space 2} 4.336858{col 37}{space 1}    0.72{col 46}{space 3}0.474{col 54}{space 4}-5.392693{col 67}{space 3} 11.60748
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
. 
. 
. 
. restore
{txt}
{com}. 
. 
. 
. ******************************************************************************
. ******************************************************************************
. ******************************************************************************
. ******************************************************************************
. ******************************************************************************
. ******************************************************************************
. ******************************************************************************
. ******************************************************************************
. ******************************************************************************
. ******************************************************************************
. ******************************************************************************
. ******************************************************************************
. ******************************************************************************
. ******************************************************************************
. ******************************************************************************
. ******************************************************************************
. ******************************************************************************
. ******************************************************************************
. ******************************************************************************
. ******************************************************************************
. 
. 
. 
. 
. log close
      {txt}name:  {res}<unnamed>
       {txt}log:  {res}C:\Users\mzarit\Documents\RegionalConvergenceKrause&ZaritHVDAnalysis12262015.smcl
  {txt}log type:  {res}smcl
 {txt}closed on:  {res}27 Dec 2015, 00:04:37
{txt}{.-}
{smcl}
{txt}{sf}{ul off}